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Internet advertising platform AdChina withdraws $100 million US IPO

By Renaissance Capital,  February 11, 2013, 08:10:16 AM EDT

AdChina, which operates an internet advertising platform in China, withdrew its plans for an initial public offering on Monday citing poor market conditions. The company originally filed for its IPO in February 2012. The Shanghai, China-based company was founded in 2007 and booked $51 million in sales for the 12 months ended 12/31/2011. Goldman Sachs (Asia) and Credit Suisse were set to be the joint bookrunners on the deal.




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


This article appears in: News Headlines, IPOs

Referenced Stocks: ADCN



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