Chinese Online Games Firm Changyou Makes Nasdaq IPO

Authored by Mark Hefflinger on March 30, 2009 - 9:44am.

Hong Kong - Chinese online game operator Changyou.com, a unit being spun-off of Internet portal Sohu.com, plans to close the books on its $120 million initial public offering on the Nasdaq a day early, after seeing an eager response from investors, Reuters reported.

Changyou.com developed the online multiplayer game "Tian Long Ba Bu," and also operates "Blade Online" in China.

Reuters noted that a 15% overallotment option for the company's IPO could increase the deal's value to $138 million.

Related Links:
http://snipurl.com/evpsw (Reuters)

http://www.sohu.com

http://www.changyou.com