Century Internet Applies For NASDAQ Listing &Nbsp, And Intends To Raise $150 Million.

　　 Century interconnection 21Vianet Group (Inc) submitted to SEC on Monday Eastern time. list Application plan NASDAQ The listing code is VNET. Century interconnection IPO intends to raise $150 million, and Morgan Stanley will be the lead underwriter. Last century, the Internet lost 247 million yuan.

Century Internet was founded in 1999. It is one of the earliest IDC service providers in China. In October 2009, on the basis of the century Internet data center, after the strategic reorganization, 21ViaNet Group and CloudEx Inc were established. The century Internet Data Center (21ViaNet) and the cloud express line (CloudEx) became wholly owned subsidiaries of the two subsidiaries of the world Group group (21ViaNet Group).

In the past 3 years, the net revenue growth of century Internet has increased rapidly, from 240 million yuan in 2008 to 525 million yuan in 2010 (79 million 570 thousand US dollars). In the past 3 years, the interconnection in the middle ages has been in a state of loss. The net loss has expanded from 17 million 950 thousand yuan in 2008 to 247 million yuan in 2010.

As of December 31, 2010, it has 1300 customers, including many leading Chinese companies and multinational companies in China, covering a wide range of industries. The company's clients include Internet Co, government departments, blue chip companies and small and medium-sized enterprises.

Prospectus disclosure, Century Internet chairman and CEO Bobby Chan holds about 69 million 299 thousand ordinary shares, the largest shareholder, the shareholding ratio is 28.2%, the entire top management team shareholding ratio is 58.3%.

The prospectus also disclosed that the proceeds from the financing will mainly be used to expand the technical facilities of the data center, expand the network infrastructure, supplement mobile capital, and include other general uses such as strategic investment and acquisition. (Xiao Ran)