IPO News Archive
Shanda Games increases proposed IPO deal size

9/23/09


Shanda Games Limited, a spin-off of Shanda Interactive's online games business, raised the proposed deal size for its upcoming IPO on Wednesday. The Shanghai, China-based company now plans to raise $960 million by offering 83.5 ADSs at a price range of $10.50 to $12.50. The company had previously filed to offer approximately 63 million ADSs. 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. Lead underwriters Goldman Sachs, J.P. Morgan, and Nomura Securities are expected to price the IPO on Thursday evening.

View IPO Profile: GAME         
Source: www.RenaissanceCapital.com
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