Mar 16, 2011
An industry source has revealed that Chinese social networking site Kaixin001 plans to IPO on a US-based stock exchange, and has already hired JP Morgan Chase and Citigroup as underwriters.
Kaixin001 has not disclosed how much it aims to raise from the IPO.
Kaixin001, JP Morgan Chase and Citigroup did not comment on the matter.
Editor's Note: For more background on this topic, please see "Rumor: Kaixin001 to IPO in US in 2011" MD 12/17/10 issue.
SendingThe 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.
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