Shanda's IPO
By Zhu Shenshen |
April 20, 2011, Wednesday
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Print Edition
Print Edition
SHANDA Interactive Entertainment Ltd has filed with United States regulators an initial public offering for its online literature unit, the latest move in its plan to form an online entertainment conglomerate, the Shanghai-based firm said in a statement yesterday.
Nasdaq-listed Shanda is yet to reveal detailed financial figures such as the number of shares to be offered or the dollar amount of the proposed IPO.
Shanda, which also provides online game, video and payment services, will remain the majority shareholder of Cloudary Corp, formerly known as Shanda Literature Corp, after the IPO.
Nasdaq-listed Shanda is yet to reveal detailed financial figures such as the number of shares to be offered or the dollar amount of the proposed IPO.
Shanda, which also provides online game, video and payment services, will remain the majority shareholder of Cloudary Corp, formerly known as Shanda Literature Corp, after the IPO.
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