The News Corporation-backed online advertising company could raise up to $100m when it floats in the US, and will use the cash to expand its Chinese base.

The commodities exchange, which counts Intel, Financial Technologies and several financial services firms among its backers, will float in the next two weeks.

Intel Capital-backed internet technology services company Synacor floated on Friday at $5.00 per share, slashing its initial range of $10-$12 per share, set last month.

Eight financial services firms holding stock in trading platform FXall made partial exits when it floated on Thursday, raising more than $62m from 5.2 million shares.

The Monsanto-backed biomass producer has lowered the range of its shares for its forthcoming IPO, with the mid-point decreasing from $22 to $16.50.

The Glaxo and Techne-backed biopharmaceutical firm dropped its price to $10 and issued an extra 500,000 shares prior to its flotation yesterday.

The online video platform developer, backed by a host of corporate investors, will price its shares at between $10 and $12 when it floats.