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China's Biggest Financial Website Exploring IPO

Filed in archive IPOs on June 20, 2007

Yuan Renminbi
Eastmoney.com, China's biggest financial website, hopes to list on the NASDAQ sometime within the next six to nine months, according to Reuters.

Eastmoney CEO Qi Shi told news services that the company expects to raise about $500 million US from the IPO. Qi described his company's website to as "a financial MySpace." Right now the site gets about 150 million page views per day, according to Reuters, and is expected to generate between $11 and $13 million in revenue this year.

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Tags: eastmoney  IPO  China  china  2007  biggest+financial  venture+capital  china+biggest 

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