ISoftStone plans to raise $162m at a maximum $1.30 per share in New York.
ISoftStone, a China-based provider of technology consulting and software services, has revealed more details about its planned New York Stock Exchange flotation.
The company plans to raise $162m at a maximum $1.30 per share.
The company will issue 7.3 million American depositary shares (ADSs) and existing shareholders sell a further 3.5 million ADSs. Each ADS is worth 10 shares. Investment banks UBS, JP Morgan and Morgan Stanley can sell a further 1.6 million ADSs if demand is strong enough,…
