“Chinese mobile messaging service provider Hurray! Holdings Co Ltd planned to float its shares on the NASDAQ stock market, amid an industrial slowdown and structural changes. Hurray! made a filing to the US Securities and Exchange Commission on Wednesday (US Eastern Time), indicating that it aims to sell 6.88 million American depository shares (ADSs) on the high-tech NASDAQ and is expected to raise as much as US$79.81 million from the initial public offering.”
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