Is an IPO for "Chinese Facebook" in the Works?

Filed in archive IPOs on July 19, 2008

The Deal.com thinks so. They published a piece this week in which they concluded that "Chinese Internet company Oak Pacific Interactive is considering a public offering either in Hong Kong or the U.S."

Oak Pacific operates Mop.com which The Deal.com describes as "a social networking site that is a copy-cat of U.S.-based Facebook and was picked up in an acquisition in 2006."

SoftBank Corp., SBI, and JOHO Capital were among the investors a few months ago when Oak Pacific raised $430 million in new funds. The strength of that fundraising effort makes many analysts suspect that Oak Pacific has something big on the horizon...


© Daneel Ariantho