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IPO for Shanda

by Newsdesk

Tue 15 Sep 2009 at 16:00

2

SHARES

42

VIEWS

Chinese technology company Shanda Interactive Entertainment is planning to spin off its video games unit and raise as much as USD800 million in an initial public offering (IPO) in the United States, looking to follow its rival Sohu.com.

The unit, Shanda Games Ltd, plans to list shares on the NASDAQ, according to a prospectus filed last week.

Shanda Games has produced popular Chinese video games such as The World of Legend. In April it launched the multi-player online role-playing game AION in China after licensing it from South Korea’s NCSoft Corp.

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Tags: North America Shanda Games

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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