The right time to list

Following the crowd is not always the best option when it comes to preparing from an initial public offering.
Kevin Wang, Kingsoft
Kevin Wang, Kingsoft

When Kevin Wang joined Kingsoft Corporation as chief financial officer in February 2005, his main task was to prepare the China-based software company for a Nasdaq listing By the end of that year, Wang had not only postponed the listing, but had also set about overhauling Kingsoft’s entire business model

Established in 1989, Kingsoft quickly became a household name in the mainland thanks to its word processing office product written by co-founder, now also chairman and chief executive, Kau Pak Kwan

During the first five years after its launch in 1989, Kingsoft’s word processing software became widely used by schools, institutions and by government bodies in the mainland

But then came Microsoft

Although Microsoft Office...

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