Linkage Technologies International Holdings, a leading provider of software solutions and IT services for the telecommunications industry in China, announced terms for its IPO on Tuesday. The Nanjing-based company plans to raise $143 million by offering 10.2 million American Depository Shares at a price range of $13.00 to $15.00. Estimated net proceeds of approximately $130 million will be used for research and development, as well as general corporate purposes. Linkage Technologies, which was founded in 1997 and booked $122 million in sales over the last 12 months, plans to list on the NYSE under the symbol BOSS. Citi and Barclays Capital are the lead underwriters on the deal, for which timing was not disclosed.
