China's Biggest Website To Be Listed Overseas

The owner of China's most frequently visited website confirmed August 19 that it will be listed on the Nasdaq within a year.

Sources at Beijing's Stone-Richsight Co. say the the sina.com. cn deal is being handled directly by its chief executive Wang Zhidong, who is in the United States for a visit.

Recent figures from the company show the website having over 900,000 users, and a daily high of 3.4 million pages in July.

Analysts say that if it is listed on the Nasdaq its performance will be no less impressive than that of China.com, which was listed on the Nasdaq in July.

China.com was issued at 20 US dollars per share. On the first day of its listing, the price went to 67 US dollars and the owner raised 96.6 million U. S. dollars from stock sales.