Went public 4/12/2000 at $17 apiece
Filing Range:4 mil. shares @ $15 to $18
Shares Outstanding:39.8 mil. shares
Underwriters:Morgan Stanley Dean Witter
China International Capital Corp./Chase Securities
(Data in $ millions)
Y/E Y/E 6 MOS 6 MOS
6/98 6/99 12/98 12/99
Total Revenue $2.49 $2.82 $1.02 $4.76
Net Loss -.25 -9.39 -1.06 -26.79
Sina.com is a Chinese-focused Internet company that offers a Chinese-language portal network of four localized Web sites targeting China, Taiwan, Hong Kong and overseas Chinese in North America. Users get free access to local and international content and features covering topics of interest to the Chinese community. They can also purchase products from online stores and airline tickets on the company’s Taiwan Web site. The company also offers proprietary software products that enable users to more easily access Chinese Internet content.
Estimated proceeds of $59.6 million will be used for working capital and other general corporate purposes.
Dell USA LP, China Walden Management, InfoTech Ventures Ltd., WIIG Global Ventures Pte, Ltd., Pacven Walden Management Co. Ltd., Seed Ventures Management, Stone Group Corp., DEPM Investors LP, Trend Micro Inc., SOFTBANK Corp., SOFTBANK America, Inc., Standard Foods of Taiwan Ltd., Crosslink Technology Partners LLC
Ter Fung Tsao