Tech trio in US$500m IPOs

"Three mainland technology firms are readying initial public offerings on the Nasdaq worth a combined US$500 million (HK$3.9 billion) or more by the year's end, seeking to capitalize on strong demand for China plays on global markets.
Nasdaq has ramped up marketing activity in China, hoping to surpass the 10 domestic companies it listed last year despite some concern over the more stringent requirements of US disclosure and accounting standards.
Many of the mainland companies going to Nasdaq are start-ups, as opposed to former state-owned monopolies, that have been funded and guided by offshore venture capitalists with the express purpose of ultimately doing an overseas IPO."

[TheStandard]