Nasdaq

A web games company is about to test the appetite for Chinese floats in the US in one of the first such deals since the accounting scandals that rocked many Chinese companies in 2011.

7Road.com is the games subsidiary of Changyou.com, a Chinese online game developer that in turn is majority-owned by Nasdaq-listed Sohu.com.

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Maija Palmer

After the excitement of Facebook’s $104bn IPO and the subsequent fall in its shares, something more modest is coming onto London’s alternative investment market.

Incadea, an Austrian company that provides software for BMW and other car dealerships, will raise around £17m on Friday, in a stock market float expected to value the company at £47m.

It’s a lot smaller than Facebook, but it is a rare technology listing in London, where the tech IPO market has been considered closed for a long time.  Read more >>