Allyes AdNetwork, one of China’s largest online advertising firms, hopes to raise about $100 million in an initial public offering of shares on Nasdaq in the first half of 2007, Reuters reported Thursday. Shanghai-based Allyes, which counts Dell among its clients, had hired Morgan Stanley to underwrite the offer, which could be launched as early as in the first quarter.
Allyes received a combined $30 million investment in 2005 from venture capital firms IDGVC and OAK Investment Partners.
The article said Allyes, which operates six offices around China, controls about half of the country
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
["wijax_a0bed8208f6db270e0ad1a36e5500a50","wijax_4639e800a51516864393662d637c27b3"]
{"source":"https:\/\/gigaom.com\/2007\/01\/18\/allyes-china-online-ad-firm-plans-100-million-ipo\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_6589c3c037d672e47ea9d922b28c9e5c","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
{"source":"https:\/\/gigaom.com\/2007\/01\/18\/allyes-china-online-ad-firm-plans-100-million-ipo\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_6589c3c037d672e47ea9d922b28c9e5c","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
Comments have been disabled for this post