iSoftStone Holdings Limited (“iSoftStone”), in which China Special Opportunities Fund II (a private equity fund under Everbright) invested via convertible notes, was listed on the New York Stock Exchange on 14 December (NYSE: ISS). The offer price was USD13 per ADS, each of which represents 10 common shares. iSoftStone offered 10,833,334 ADSs (including 7,322,223 ADSs offered by the company and 3,511,111 ADSs by certain selling shareholders). The underwriters have been granted a 30-day option to purchase up to an additional 1,625,000 ADSs. The ADSs closed at USD16.62 on the first day of trading, up 27.85% from the offer price. 

 

Established in 2001, iSoftStone is a leading China-based provider of IT services, including consulting and solutions, IT services and BPO, to clients in the Greater China Region and globally. iSoftStone holds the ISO9001 (Quality Management System) and ISO27001 (Information Security Management System) certifications, and has passed the CMMI5 level certification in 2006. Its clients mainly come from the technology, communications, banking/financial services/insurance, and energy/transportation/public sectors. For more information, please visit www.isoftstone.com. 

 

Everbright’s direct investment arm has established six private equity funds and venture capital funds focused on private companies in mainland China with significant potential. It has so far completed 23 investment projects. Previous projects, including TechFaith, China High Speed Transmission Equipment Group, Goldwind Science & Technology and China Sunshine Paper, have generated profound returns for investors. The preparations for “China Special Opportunities Fund III” are underway, with completion of fund raising exercise expected in the short term.