Whole Network Entrepreneurshi... Innovation IPOs News Policy Private Equity Venture Capital

 

China Online Gaming Company Sets IPO

Filed in archive Internet by Greg Cruey on October 24, 2007

Giant Interactive, the maker of the Zhengtu (one of China's most popular online games) has set the terms of its upcoming NYSE initial public offering.

The share price will be between $12 and $14 per share, according to the China Post. Giant Interactive expects to offer about 57 million shares.

China Online Gaming Company Sets IPO

Giant Interactive's Zhengtu game is a MMORPG, or massively multiplayer online role play game. Zhengtu has about 1.3 million players. Giant expects to make around $650 million from the IPO.

Merrill Lynch and UBS AG are underwriting the IPO, along with JP Morgan Securities, cibc world marketslinks, Piper Jaffray and Susquehanna Financial Group LLLP.

Zhengtu's popularity became almost comic recently when Pacific Epoch reported that a divorcing couple in Shandong was fighting over 10 joint game accounts with Zhengtu. The husband wanted the game accounts in return for relinquishing claims to their new apartment; the wife wanted to split the apartment and the game accounts equally. I never actually heard how the court ruled...







Permalink: China Online Gaming Company Sets IPO
Tags: online  gaming  Giant  Interactive  Group  Inc 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/98015





RSSrss   | See all blog subscribe options
Google google   |   What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter
Grouptivity

Use the search to look for other interesting posts

  • ChinaVentureNews seeks news contributions



    If you are an analyst, tech company, private equity firm, service provider or entrepreneur with news to share related to China venture capital send us your relevant news release.

    CVN will post it to our site. We reserve the right to edit the copy because of space limitations, and to make summaries of the release when appropriate-- although a full copy of the release will always be linked to.

    Thank you!

    Please simply use our form here.


 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give us a call at +1 (650) 331 4900.


  • Testimonials

  • 'Exactly what I am looking for.'

    "One of my favorite blogs."


  • Other blogs in the same channel in the Creative Weblogging Network







 

Tagcloud: Agreement Blogs Book review Commodities Conferences Entrepreneurship Incubators and Science Parks Information Sources Innovation Internet IPOs Law M&A Mergers and Acquisitions News Outsourcing Policy Private Equity Sovereign Wealth Funds Sponsored Post Stocks Studies Technology Report VC and PE: education and training Venture Capital Yuan Renminbi