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CDC Corp. Online Gaming Unit IPO Spin-Off (CHINA)

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By Douglas A. McIntyre Published
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CDC Corp. (NASDAQ:CHINA) plans to file an SEC registration for an IPO of up to US$200 million aggregate principal amount of Class A Common Shares of CDC Games Corporation, its business unit engaged in online games in China.  This will allow CDC Games to differentiate its gaming line from CDC Corporation and provide a more targeted investment vehicle for investors seeking to invest only in the online games portion of CDC Corporation’s diverse businesses.  The offering is expected to occur in Q4 2007.  CDC Corporation currently anticipates that, in addition to CDC Games offering newly issued Class A Common Shares, CDC Corporation will also be a selling shareholder in the offering.

CDC Corp. itself has a market cap of $1.11 Billion before the reaction to the filing.  We will follow up with more detailed financial data with percentages of the companies and with financial breakdowns of each unit.

Jon C. Ogg
July 13, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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