On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1360 AM Northeast, WI 97.5 FM Green Bay, WI

Weather

Current Conditions(Green Bay,WI 54303)

More Weather »
43° Feels Like: 43°
Wind: NNE 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Sunny 69°

Tonight

Partly Cloudy 42°

Tomorrow

Mostly Sunny 58°

Alerts

Chinese online company Cloudary withdraws $200 mln U.S. IPO

(Reuters) - China-based Cloudary Corp, which runs online libraries, said it would withdraw its initial public offering of up to $200 million of American Depository Shares, citing current market conditions.

Shares in the offering were being sold by the company and its parent Shanda Investment Holdings Ltd, a unit of internet media firm Shanda Interactive Entertainment Ltd .

Cloudary has six original literature websites and had about 66.9 million monthly visitors in the first quarter of 2012, a filing showed.

The company, which had filed for a U.S. listing in May 2011, had listed BofA Merrill Lynch and Goldman Sachs as underwriters to the offering.

(Reporting By Neha Dimri in Bangalore; Editing by Sreejiraj Eluvangal)

Comments