Intel Capital, the corporate venturing division of US-listed chip maker Intel, is expected to sell 6.45 million shares, 2.2%, of ChinaCache at its flotation.
Intel Capital-backed ChinaCache, a provider of content distribution services, has decided to float on the Nasdaq stock exchange in the US.
The China-based internet services company will register 101.2 million shares at $0.75 each, or $75.9m in total, according to its regulatory filing.
The company will package 16 shares into one ADS and sell 4.5 million ADS with existing shareholders selling a further 1.1 million, or an aggregate 24.2% of its shares at the initial public offering (IPO).…
