GigaOM
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


PConline.cn to Raise $200M-$300M in Hong Kong IPO; Alibaba Lifts Price Yet Again

  • Comments Comments (View)
  • Text Size: A A

PConline.cn, a Chinese internet portal, is looking to raise $200 million - $300 in a forthcoming Hong Kong IPO, according to a Dow Jones (NYSE: DJ) Newswires (via EasyBourse) report. The company, which operates sites on cars, games, food, fashion, and beauty tips, is looking to tap into the current love for all things Chinese and internet.

SEE ALSO: Alibaba.com to Raise up to $1.33 Billion in IPO

Meanwhile, Alibaba.com has raised its IPO price yet again. According to Reuters, the B2B arm of the Alibaba Group is now looking to raise $1.49 billion, which is up from the $1.33 billion it said it would raise last week, and the $1 billion it said in July. The increased offering price comes as institutional investors are said to have ordered more than 50-times the available number of IPO shares. “Investors told me that if they missed Google, they don’t want to miss Alibaba this time,” said chairman Jack Ma.

Oct 22, 2007 12:13 PM ET

Posted In: Money, IPO, Countries, Asia, China

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

VOD Movies (RENTRAK) VOD Movies (RENTRAK)
1. Drive
2. In Time
3. Real Steel
4. 50/50
5. Dream House
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff