9/14/09

Shanda Games Limited, a Shanda Interactive subsidiary which operates and licenses online role-playing and casual games, announced terms for its IPO on Monday. The Shanghai-based company plans to raise $725 million by offering 63 million ADS at a price range of $10.50 to $12.50. At the mid-point of the proposed range, Shanda Games Limited will command a market value of $3.3 billion. Shanda Games Limited, which was founded in 2001 and booked $591 million in sales over the last 12 months, plans to list on the NASDAQ under the symbol GAME. Goldman Sachs (Asia) L.L.C. and J.P. Morgan are the lead underwriters on the deal, which is expected to price during the week of Sept. 21.

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