HiSoft Technology International to float on Nasdaq stock exchange and allow exit route for venture backers, including Intel Capital.

HiSoft Technology International, China’s second-largest information technology outsourcing company, has made a regulatory filing to raise up to $110.6m on the Nasdaq stock exchange.

Intel Capital, the corporate venturing division of US-listed semiconductor maker Intel, owns 7.6% of HiSoft, which will issue 6.4 million American depository shares (ADS) in its initial public offering (IPO).

The existing shareholders will offer a further one million ADSs in the IPO with an option to sell a further 1.1 million through a ‘greenshoe’ if…