Bejing Based CDN ChinaCache Aims To Raise $100M In IPO
Content delivery network ChinaCache filed yesterday with the SEC to raise $100M in an IPO. The company, which is based in Bejing, plans to list on the NASDAQ under the symbol CCIH. Deutsche Bank Securities and BofA Merrill Lynch are the lead underwriters on the deal but as of yet, no share pricing has been announced. Last year, ChinaCache had revenues of $40M and from estimates I heard, was on track to do between $60-$65M in revenue this year. Read the filing here.