Chinese internet speed accelerator Xunlei refiles for a $100 million IPO

By Renaissance Capital,

Shutterstock photo

Xunlei, which offers digital content acceleration and online video services in China, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The company originally set terms to raise $114 million on the NASDAQ in July 2011 with a $1 billion market cap, but postponed and eventually withdrew its IPO that October.

The Shenzhen, China-based company, which was founded in 2003 and booked $175 million in sales for the 12 months ended March 31, 2014, plans to list under the symbol XNET, though it has not disclosed an exchange. Xunlei initially filed confidentially on January 7, 2014. J.P. Morgan and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: XNET

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