Hong Kong-based China.com Corp. has filed a registration statement with the Securities and Exchange Commission to launch an initial public offering of its Class A common shares. The company operates Chinese-language Internet-based content and commerce services aimed at the People’s Republic of China, Hong Kong and Taiwan.
China.com will offer a total of 4.2 million of these shares, in addition to an underwriters’ over-allotment option to buy an additional 630,000 Class A shares. The shares are expected to be sold to the public in late June or early July for about $15 each.
At the same time, online services provider America Online Inc., Dulles, VA, has acquired a 10% equity interest in the company along with warrants to purchase an additional 15% interest in the future as part of a series of actions that will strengthen its involvement in the AOL Hong Kong service to be launched later this year.
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