Sohu IT, 3/03/11
According to industry insiders, Chinese online P2P video service provider, download accelerator software developer, and online game operator Xunlei is planning a USD 200 mln IPO on a US exchange this year. Xunlei has retained JP Morgan Chase and Deutsche Bank as lead underwriters.
Last year there were reports that Xunlei was preparing to list either on the Nasdaq or Hong Kong Stock Exchange in 2011.
CEO Sean Zou has set the company a market valuation target of USD 10 bln within 3 to 5 years.
Editor's Note: For more background on this topic, please see "Xunlei to IPO Overseas Next Year" MD 9/13/10 issue.