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SCMP Reporter

Netease.com plans to raise up to US$76.5 million by listing on the United States Nasdaq market at the end of the month.

The mainland-based portal planned an initial public offering of 4.5 million American depositary receipts at US$14 to US$17 each, sponsor Merrill Lynch confirmed yesterday.

Merrill Lynch said the offering would be priced on June 29 and the company hoped to commence trading the following day. Netease launched its roadshow yesterday.

The listing was originally scheduled for mid-May but was delayed by regulatory issues in the mainland.



Netease eyes Nasdaq