NEW YORK/SAN FRANCISCO: Chinese technology company Shanda Interactive Entertainment is planning to spin off its video games unit and raise as much as US$800mil in a initial public offering in the United States, looking to follow in the footsteps of rival Sohu.com
The unit, Shanda Games Ltd, plans to list shares on Nasdaq, according to a prospectus filed on Thursday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
