NINETOWNS TO LAUNCH IPO ON NASDAQ
AsiaInfo Services, November, 2004
AsiaInfo Services 11-29-2004 Ninetowns to Launch IPO on Nasdaq BEIJING, Nov 29, 2004 (SinoCast via COMTEX) -- Ninetowns Digital World Trade Holdings Ltd., a software developer, plans to offer 9.6 millionAmerican Depositary Shares (ADS) at a price range of between USD10 and USD12 per share in an initial public offering (IPO) on the NASDAQ, said the Beijing-based company on November 23. Existing shareholders are asked to sell 3.2 million shares while its underwriters JPMorgan, Citigroup, Jefferies Broadviewand Lehman Brothers will have the option to buy an additional 1.44 million ADS to cover over-allotments. The software developer has applied for a stock code of NINE forthe listing. The company develops software that enables Chinese businesses and government...
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