Rumor: Jiayuan, Phoenix New Media to IPO This Week
Oriental Morning Post, 5/10/11
Beijing-based online matchmaking site operator Jiayuan.com International will reportedly IPO on the Nasdaq Global Market on May 11 under the ticker symbol "DATE," followed by the IPO of Chinese online, wireless and TV new media company Phoenix New Media (iFeng.com), a subsidiary of Phoenix TV (2008.HK), on the New York Stock Exchange on May 12 under the ticker "FENG."
Other Chinese firms rumored to IPO in the near future include Shanghai-based children's virtual world developer and operator Taomee and Chinese online P2P video service provider, download accelerator software developer, and online game operator Xunlei.
Editor's Note: For more information on Jiayuan's IPO, please see "[url=http://www.marbridgeconsulting.com/marbridgedaily/archive/article/45730/jiayuan_to_raise_up_to_usd_804_mln_in_ipo]Jiayuan to Raise Up to USD 804 Mln in IPO]," MD 4/28/11 issue and "Jiayuan Files for Nasdaq IPO," MD 4/21/11 issue.
For more information on Phoenix New Media's IPO, please see "Phoenix New Media to IPO on NYSE," MD 4/22/11 issue.
For more information on other rumored IPOs, please see "[url=http://www.marbridgeconsulting.com/marbridgedaily/archive/article/45480/rumor_taomee_may_ipo_on_nasdaq_in_1_2_weeks]Rumor: Taomee May IPO on Nasdaq in 1-2 Weeks[/url]," MD 4/21/11 issue, and "[url=http://www.marbridgeconsulting.com/marbridgedaily/archive/article/43972/rumor_xunlei_to_ipo_in_us_this_year]Rumor: Xunlei to IPO in US This Year[/url]," MD 3/03/11 issue.
Jiayuan has amended its Nasdaq IPO filing to add an additional risk factor to its prospectus. Jiayuan declared that it failed to obtain a foreign exchange registration certificate from China's State Administration of Foreign Exchange (SAFE) or make an initial capital contribution of RMB 990,000 for its variable-interest entity Beijing Miyuan Information Technology. As a result, Beijing Miyuan may lose its business license, and Jiayuan may face severe penalties, potentially including discontinuation of operations. To see the full amendment, please click here.
Keywords: DATE Xunlei P2P online gaming software Taomee SNS youth Internet IPO Nasdaq NYSE online matchmaking iFeng Phoenix New Media Phoenix TV State Administration of Foreign Exchange 2008.HK Jiayuan.com FENG
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