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Camelot Information Systems files for $250 million IPO

June 25, 2010
CIS

Camelot Information Systems, a leading provider of enterprise application and financial IT services in China, filed on Friday with the SEC to raise up to $250 million in an initial public offering. The Beijing-based company, which was founded in 2000 and booked $133 million in sales for the 12 months ended March 31, plans to list on the NYSE under the symbol CIS. Goldman Sachs (Asia) L.L.C. and Barclays Capital are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.