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Shanda Files For U.S. IPO

Shanda Interactive Entertainment, currently China's largest online games operator, has filed with US regulators for an initial public offering valued at up to US$200 million.

Goldman Sachs will underwrite most of the IPO for the Shanghai-based company, according to a preliminary prospectus filed with the U.S. Securities and Exchange Commission, although other groups including Piper Jaffray and the Hong Kong and Shanghai Banking Corporation or HSBC will also take part. Shanda said it has applied to list its American depository shares on the Nasdaq stock market under the ticker symbol "SNDA".

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