Camelot Information Systems, a leading provider of enterprise application and financial IT services in China, announced terms for its IPO on Wednesday. The Beijing-based company plans to raise $160 million by offering 13.3 million ADSs at a price range of $11-$13. At the mid-point of the proposed range, Camelot will command a market value of $526 million. Camelot Information Systems, 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, which is expected to price during the week of July 19th.
