US scores second IPO this year via Chinese game developer

Friday 3 April 2009 at 07:17

Changyou.com began trading on the Nasdaq Stock Market yesterday, defying the slowest IPO market in 20 years and completing the largest listing of a Chinese company in the US since 2007.

Changyou, an online game developer listed its American Depositary Shares on the Nasdaq after its $120m (€89m) IPO, following the path of its parent company, Sohu.com Inc, which listed on the Nasdaq in 2000.