Rumor: Shanda Cloudary to IPO in April 2013
Sina Tech, 11/28/12
According to sources in investment banks and at Chinese online media provider Shanda Interactive, Shanda subsidiary Shanda Literature has chosen a timetable for its next attempt to IPO in the US. Plans call for Shanda Literature to IPO in April 2013, with Merrill Lynch continuing to serve as underwriter. Shanda Literature recently adjusted its management and services as part of preparations for the IPO.
Shanda Literature has not responded to requests for comment on the rumor.
Editor's Note: For more information on this topic, please see "Cloudary Amends IPO Filing to Include 2011 Data," MD 2/24/12 issue.
Keywords: Shanda Internet IPO timetable Shanda Literature Cloudary online literature
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