Chinese web portal Sohu is expected to set the price for its gaming division spin-off tomorrow after closing its order books on its Nasdaq initial public offering one day earlier than planned amid solid investor interest.
Changyou, which draws all of its growth from its popular Tian Long Ba Bu multiplayer online role-playing game, is only the third IPO on Nasdaq this year.
The IPO, which is expected to raise up to $138m, is also the first from a Chinese company since a tiny offering from Pansoft, an enterprise resource planning software maker, in September last year, according to Nasdaq's website.
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