BEIJING, July 12 (InfoChina) – Beijing-based online games operator Perfect World Co., Ltd. confirmed that it would issue 11.80 million ADRs on Nasdaq, hoping to raise 165.2 million US dollars, reported tech.sina.com.cn.
The company plans to sell 9 million ADRs, and stockholders plan to sell an additional 2.8 million ADRs, priced at 12-14 US dollars per share.
Money raised from the IPO will be used for online games development and operation.
The company raked in revenue of 11.29 million US dollars and net profit of 5.18 million dollars in the quarter ended on March 31. (Edited by Chen Dongyi,
)
China Stock News 
