Telstra: Soufun to IPO by Year-End
Sina Tech, 8/13/10
Australian telecom operator Telstra has announced that private equity firms General Atlantic and Apax Partners have agreed to underwrite Chinese real estate search engine Soufun's planned IPO.
Telstra said that the two firms, along with Soufun's two largest shareholders, will purchase any remaining shares in the event the IPO is undersubscribed, or will purchase Telstra's entire stake in Soufun, which is valued at USD 810 mln.
Telstra plans to list Soufun on the New York Stock Exchange by the end of this year.
Keywords: Apax Partners Internet IPO SouFun General Atlantic Telstra online real estate NYSE
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