Li Ka-shing, plans to raise up to US$194 million in a dual U.S. and Hong Kong listing next month for his TOM Online Inc.

TOM plans to release 25 percent of the company, at a price range of HK$1.32-HK$1.51 per share, and this will account for about a billion shares.

A source close to the deal is reported to have said the price range represents about 20 to 23 times the company's forecast 2004 earnings.


Please enter your comment!
Please enter your name here