Sina Tech, 3/16/11
An industry source has revealed that Chinese social networking site Kaixin001 plans to IPO on a US-based stock exchange, and has already hired JP Morgan Chase and Citigroup as underwriters.
Kaixin001 has not disclosed how much it aims to raise from the IPO.
Kaixin001, JP Morgan Chase and Citigroup did not comment on the matter.
Editor's Note: For more background on this topic, please see "Rumor: Kaixin001 to IPO in US in 2011" MD 12/17/10 issue.