Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: PPS to IPO in Early July

Tencent Tech, 6/27/11

An industry insider claims that Chinese P2P-based online TV operator PPStream (PPS) will IPO in the US in early July. Merrill Lynch and UBS will reportedly underwrite the IPO, in which PPS hopes to raise USD 100 mln. The source said that PPS would list after July 4. Thus far, however, PPS has not submitted an IPO application or prospectus to the SEC.

PPS president Xu Weifeng and PPS spokespeople declined to comment on the rumor.

Keywords: Xu Weifeng Internet IPO PPStream Merrill Lynch P2P UBS online video

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports