In light of all the frenzy about Alibaba's IPO in Hong Kong, here are some perhaps lesser known companies that will be knocking on your door in the near future:
NetDragon, Chinese online gaming operator:
- Plans to raise $1.308 billion in Hong Kong when it goes public on Nov. 1st. Large portion of financing will be used for M&A and operations, while a smaller amount will be spent on marketing.
Giant Interactive, Chinese online gaming operator:
- May raise $730 million in the US (probably NASDAQ). 21% of total issued shares will be offered, putting the company at a market cap of $3.5 billion. This means that it will be larger than its competitors Shanda, Netease and The9.
Chinese Water and Drinks, Chinese producer/distributor of bottled water:
- Will be listed on AMEX. Chinese Water expects a net income of $30 million and revenue of $105 million in 2008, more than +100% increase from its 2007 achievements. For $9 million, Chinese Water acquired Hutton Holdings, Corp. in August, whose subsidiary Gouzhu Holdings owns more than 50% market share in Chinese plastic packaging and bottle making industries.
Thinking about IPOs? These are definitely some good ones, especially Giant and Chinese Water. Happy hunting.
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