May 24 (Reuters) - Cloudary Corp filed with U.S. regulators on Tuesday to raise up to $200 million in an initial public offering of American Depositary shares.
The Chinese company told the U.S Securities and Exchange Commission in a preliminary prospectus that Bofa Merrill Lynch and Goldman Sachs were underwriting the IPO. The company operates an online literature business.
The IPO will consist of shares sold by the company and its parent Shanda Investment Holdings Ltd, a unit of Chinese internet media firm Shanda Interactive Entertainment Ltd .
The filing did not reveal how many shares would be sold in the IPO or their expected price.
The company intends to list its common stock on the New York Stock Exchange.
The amount of money a company says it plans to raise in its first IPO filings is just used to calculate registration fees. The final size of the IPO could be different.
(Reporting by Aftab Ahmed in Bangalore; Editing by Joyjeet Das) Keywords: CLOUDARY/ (aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The Chinese company told the U.S Securities and Exchange Commission in a preliminary prospectus that Bofa Merrill Lynch and Goldman Sachs were underwriting the IPO. The company operates an online literature business.
The IPO will consist of shares sold by the company and its parent Shanda Investment Holdings Ltd, a unit of Chinese internet media firm Shanda Interactive Entertainment Ltd .
The filing did not reveal how many shares would be sold in the IPO or their expected price.
The company intends to list its common stock on the New York Stock Exchange.
The amount of money a company says it plans to raise in its first IPO filings is just used to calculate registration fees. The final size of the IPO could be different.
(Reporting by Aftab Ahmed in Bangalore; Editing by Joyjeet Das) Keywords: CLOUDARY/ (aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2011 AFX News
