Venture-backed Oak Pacific Interactive Mulls IPO

Chinese social networking company Oak Pacific Interactive, which has raised more than $430 million in venture capital, is considering an initial public offering in the United States, Reuters reported. The company hired Credit Suisse Group and Deutsche Bank to underwrite its IPO slated for the first half of next year, Reuters said. Oak Pacific Interactive is backed by Technology Crossover Ventures, Accel Partners, Legend Capital, Softbank, Joho Capital, General Atlantic and Doll Capital Management.

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