CDC Software IPO Aims to Raise USD 52-62 Mln

Netease Tech, 7/17/09

CDC Software, an indirectly owned subsidiary of Chinese software and gaming company CDC Corporation (Nasdaq: CHINA), plans to make an initial public offering of 4.8 mln shares priced between USD 11-13 per American Depositary Share (ADS) on a US stock exchange. Peter Yip, CEO of both CDC Corporation and CDC Software, said he believes the listing will help differentiate the CDC Software brand from CDC Corporation's other businesses. The IPO will be jointly underwritten by Lazard Capital Markets and JMP Securities, with Cantor-Fitzgerald, Janney Montgomery Scott, Macquarie and Morgan Keenan & Company serving as co-managers. At present CDC Corporation owns 100% of CDC Software's outstanding ordinary shares.

Keywords: CDC CDC Software CHINA IPO Macquarie Peter Yip software Lazard Capital Markets JMP Securities Cantor-Fitzgerald Janney Montgomery Scott Morgan Keenan & Company

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