Marbridge Daily

<- February 17, 2011 ->

Rumor: PPS to IPO on US Exchange in H1 2011

Sina Tech, 2/17/11

According to Thomson Reuters' International Financing Review, Shanghai-based P2P video service provider PPS (PPStream) plans to raise between USD 200 mln and USD 300 mln in an IPO on a US exchange in H1 2011. Merrill Lynch and UBS will serve as lead underwriters.

PPS president Xu Weifeng declined to comment on the rumor.

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