Newswire Bloomberg said Oak's $500m initial public offering could come by the summer and was backed by computer group Lenovo's corporate venturing unit Legend Capital and Japanese media group Softbank as well as venture capital firms Technology Crossover Ventures, Accel Partners, and Doll Capital Management.
China-based social networking company Oak Pacific Interactive, which has raised more than $430m in funding, plans to raised about $500m through a flotation on a US stock exchange.
Newswire Bloomberg said Oak’s initial public offering could come by the summer and was backed by computer group Lenovo’s corporate venturing unit Legend Capital and Japanese media group Softbank as well as venture capital firms Technology Crossover Ventures, Accel Partners, and Doll Capital Management.
