Linktone IPO
Linktone, a Chinese mobile content provider (ringtones, icons, etc) have gone public by issuing American Depository Shares on NASDAQ, and raising a phenomenal $86 million in the process.
Compare this to the recent IPO of Britain’s own Monstermob, who raised GBP 4.8 million in November 2003.
Admittedly, the Chinese market is marginally larger than the UK’s, but that’s still a tremendous amount of money Linktone have managed to raise.
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