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BIZCHINA> Top Biz News
Changyou.com prices $120m IPO at top - source
(Agencies)
Updated: 2009-04-02 15:23

Chinese online gaming firm Changyou.com Ltd priced its $120 million Nasdaq initial public offering at the top of its indicated range on Thursday, a source familiar with the deal said, after the issue generated robust investor demand.

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The listing is set to be the first on Nasdaq since November.

Changyou.com, which is being spun off by mainland Internet portal Sohu.com, priced 7.5 million American Depositary Shares at $16 each -- the top of a $14-$16 range -- in a deal handled by Credit Suisse and Merrill Lynch.


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