NEW YORK, July 8, 2010 (GLOBE NEWSWIRE) -- HiSoft Technology International Limited, ("HiSoft" or the "Company") (Nasdaq:HSFT), a leading China-based provider of outsourced information technology and research and development services headquartered in Dalian, China, listed on the NASDAQ Global Market on Wednesday, June 30, 2010 under the symbol "HSFT". The Company's initial public offering of 7,400,000 American Depositary Shares ("ADSs"), each representing 19 common shares of the Company, was priced at $10.00 per ADS.
"HiSoft is a leader in China's IT software outsourcing industry and we are thrilled to have yet another innovative technology company join NASDAQ OMX," said Bob McCooey, Senior Vice President of New Listings and Capital Markets,NASDAQ OMX. "HiSoft's choice of listing on the NASDAQ clearly shows that NASDAQ OMX attracts innovative and growth-oriented companies."
The International Association of Outsourcing Professionals ranked HiSoft the top Chinese company in its annual ranking. Clients include Microsoft and Oracle. The Company provides performance testing, web development and application management services. The Company's Executive Chairman, Cheng-Yaw Sun rang the opening bell at NASDAQ OMX in New York on July 7, 2010.
HiSoft is the 21st new Chinese listing and the 7th Chinese IPO on NASDAQ in 2010. Other Chinese IPOs for NASDAQ this year include, Andatee China Marine Fuel Services Corporation [AMCF]; Charm Communications Inc. [CHRM]; China Electric Motor; Inc. [CELM]; China Lodging Group [HTHT]; Dehaier Medical Systems Limited [DHRM]; and Kingtone Wirelessinfo Solution Holding Ltd. [KONE]. There have also been 10 over-the-counter bulletin board (OTCBB) upgrades and four switches this year that include China MediaExpress Holdings, Inc. [CCME]; Shengkai Innovations, Inc. [VALV]; SkyPeople Fruit Juice, Inc. [SPU]; and Winner Medical Group [WWIN].
Of the 144 Chinese companies listed on NASDAQ, 121 are from mainland China and 16 are from Hong Kong, with five from Taiwan and one from Macau. On July 1, digital mapping company AutoNavi went public on the exchange.
"Chinese companies going public look to NASDAQ OMX when considering a stock offering, due to our access to the world's largest capital market, our high listing standards and our extensive line of services," said Mr. McCooey.
The 144 Chinese listed companies include Baidu, NASDAQ's largest listed company in China and a member of the prestigious NASDAQ-100 Index®, Asia Info, China Insure, China Real Estate Information Corporation, Changyou.com, JA Solar, Shanda Games Limited, Sohu and Sina. Global brand names like Starbucks, Google, Microsoft, Staples, Intel, Amgen, United Airlines, the Chicago Mercantile Exchange, First Solar, Apollo Group and News Corp list on The NASDAQ Stock Market.
About HiSoft Technology International Limited
HiSoft Technology International Limited (Nasdaq:HSFT) is a leading China-based provider of outsourced information technology and research and development services headquartered in Dalian, China. HiSoft provides its services to leading companies around the world through a combination of onshore and offshore delivery capabilities. HiSoft leverages its skilled technology specialists and client-centric delivery centers to offer customers reliable and high-quality technology solutions. For more information about HiSoft, please visit http://www.hisoft.com.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/nasdaqomx and Twitter (http://www.twitter.com/nasdaqomx).
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
CONTACT: The NASDAQ OMX Group, Inc. Jolene Libretto 646.441.5220 Jolene.Libretto@nasdaqomx.com
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