Chinese IT services provider launches New York IPO

    January 24, 2011 | BY

    clpstaff &clp articles

    iSoftStone Holdings (iSoftStone) has made a US$162 million initial public offering of American Depositary Shares (ADSs) and listed on the New York Stock…

    iSoftStone Holdings (iSoftStone) has made a US$162 million initial public offering of American Depositary Shares (ADSs) and listed on the New York Stock Exchange. The issuer is a China-based IT services provider that focuses on industry verticals such as technology, communications, banking, and financial services.

    The joint bookrunners were UBS, JP Morgan, and Morgan Stanley.

    iSoftStone was represented by a Shanghai O'Melveny & Myers team led by partners Kurt Berney and Portia Ku. Skadden Arps Slate Meagher & Flom advised the underwriters.

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