IT: Kingsoft plans to go public
(Shenzhen Daily)
Updated: 2006-08-25 16:02
Software developer Kingsoft Corp. plans to raise roughly US$100 million from
an overseas listing next year. It has attracted investment from a group of
foreign investors that includes Intel Corp., a Kingsoft executive said
Wednesday.
“We are assessing IPO opportunities in different markets, including NASDAQ.
In terms of cost and geography, however, Hong Kong is more convenient,” said
Kingsoft chief financial officer Wang Donghui.
Kingsoft said a group of companies led by Singapore’s Government Investment
Corp. agreed to invest US$72 million in the company. Also in the group were
Intel’s venture-capital arm, Intel Capital, and New Horizon Fund, a private
equity fund set up by Singapore state investment company Temasek Holdings Pte.
and Tokyo-based financial service company SBI Holdings Inc.
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