Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Telstra: Soufun to IPO by Year-End

Sina Tech, 8/13/10

Australian telecom operator Telstra has announced that private equity firms General Atlantic and Apax Partners have agreed to underwrite Chinese real estate search engine Soufun's planned IPO.

Telstra said that the two firms, along with Soufun's two largest shareholders, will purchase any remaining shares in the event the IPO is undersubscribed, or will purchase Telstra's entire stake in Soufun, which is valued at USD 810 mln.

Telstra plans to list Soufun on the New York Stock Exchange by the end of this year.

Keywords: Apax Partners Internet IPO SouFun General Atlantic Telstra online real estate NYSE

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports