Friday March 3, 12:02 pm Eastern Time
Company Press Release
AsiaInfo Holdings, Inc. Announces Initial Public Offering
SAN FRANCISCO--(BUSINESS WIRE)--March 3, 2000--AsiaInfo Holdings, Inc. (Nasdaq:ASIA - news), a Delaware corporation, today announced the initial public offering of its common stock on the Nasdaq National Market under the trading symbol ASIA.
The initial public offering price for the 5,000,000 shares offered by the company was $24 per share. The stock will begin trading today, March 3rd. The managing underwriters of the offering are Morgan Stanley Dean Witter, acting as lead manager, and Deutsche Banc Alex. Brown and Donaldson, Lufkin & Jenrette acting as co-managers.
About AsiaInfo Holdings, Inc.
AsiaInfo is a leading provider of Internet related IT professional services and software products in China. The company offers telecommunications service providers in China total network solutions for their Internet infrastructure requirements and develops proprietary software for Internet service providers, Internet content providers and telecommunications service providers.
Since it moved its operations from the US to China in 1995, AsiaInfo has served as chief architect of China's Internet infrastructure. AsiaInfo pioneered the development of China's Internet infrastructure and designed and built the first national commercial Internet backbone in China, ChinaNet, as well as the first provincial Internet backbone in China, GuangdongNet.
The company is also building the other two national commercial Internet backbones in China: UniNET of China Unicom and CNCNET of China Netcom. In addition to their infrastructure projects, AsiaInfo develops Internet software solutions tailored to meet the needs of clients in China. |
