Chinese Internet firms line up for U.S. listings

中国互联网公司赴美上市潮来袭

Listing on the U.S. stock market continues to be a hot topic among Chinese Internet companies.

Renren.com, the largest social networking website in China, has just raised its initial public offering (IPO) price range by 30 percent to US$12-14 per share and will land on the U.S. stock market on May 4. Renren's IPO is expected to raise up to US$690 million.

Besides Renren, mobile internet service provider NetQin Mobile Inc. and dating website Jiayuan.com will also list on the U.S. stock market this week. They are followed by Phoenix New Media Limited, Tudou.com and Taomee (61.com).

Cloudary Corporation, a wholly-owned online literature business unit of Shanda Interactive Entertainment Ltd., and Hexun.com, China's largest business news website, are also in the process of a listing in the United States.

"This year marks the fourth round of the dot-com IPO boom," the National Business Daily cited an industry insider as saying.

According to the unnamed insider, the first round happened in 1999 to 2000 when portal websites such as Sina, Sohu and Netease went public. The second round came in 2003 and 2004 as Ctrip.com, Tencent Holdings, Shanda, Jrj.com and 51job.com got listed. The year 2007 saw a third IPO rush, with Alibaba.com and ZTgame.com listing.

我国互联网公司仍处于赴美国上市热潮之中。

拥有国内最大的实名制社交网络等的人人公司，赴美IPO进入倒计时。“出行”前，公司上调发行区间价至12～14美元，这意味着此次IPO融资金额将增加至6.9亿美元。

据悉，除已确定5月4日进行IPO的人人公司外，本周内将有网秦、世纪佳缘等登陆美国证券市场，紧接着凤凰网、土豆网、淘米网可能在近期上市。

确定排队的还有盛大公司全资的在线小说网站盛大文学、中国的财经新闻网站和讯网等。

对此，每日财经报道引用业内人士评价，“今年应为中国网络股海外上市的第四浪潮”。

据该业内人士表示，第一波上市潮发生在1999年~2000年间，为新浪、搜狐、网易等的门户时代；第二波为2003年～2004年间，其中有携程、腾讯、盛大、金融界、前程无忧等；第三波在2007年，有阿里巴巴、巨人等。