Oak Pacific Interactive Aims for $500M I.P.O.

Chinese social networking company Oak Pacific Interactive, which has raised more than $430 million in venture capital, plans to raised about $500 million in a U.S. initial public offering, Reuters reported, citing an article by Bloomberg. Oak Pacific Interactive is backed by investors including Technology Crossover Ventures, Accel Partners, Legend Capital, Softbank and Doll Capital Management.

23 February 2011•1 min read
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