Mobile music content publisher Rock Mobile will IPO on Nasdaq in the second half this year, becoming first Asian digital-music website to go public in U.S.
CEO J.H. Yang said in 2006, it will have profits of $10 million and revenue of $50 million. Last year, his company raked in revenue totaling $20 million.
The company recently got a whopping $30 million in funding, from Walden International, Japan’s Nippon Venture Capital, Goldman Sachs, Legend Capital, iD TechVentures (formerly Acer VC), Siemens VC, and Nikko Antfactory. The new capital has floated the company’s capitalization to $40 million, the story says.
Related:
— Chinese Mobile Content Firm Rock Mobile Gets $30M Investment
— Siemens’ VC Arm To Shut Down; Sell Portfolio Companies
— Greenpark Capital Buys Siemens VC Arm Portfolio
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