SouFun CEO: considering listed in Hong Kong or the United States in 2010
According to foreign media reports, Mo Tianquan, SouFun Chairman and Chief Executive Officer, said Wednesday that if the global economic recovers, the company will consider the first public offering (IPO) in Hong Kong or the United States in 2010.
Mo said SouFun would like to choose the Chinese mainland market, because its customer base concentrated primarily in domestic. However, the examination and approval procedures of supervising in China is expected to be a barrier for being listed.
"Hong Kong and the United States are our two options, and the third option is the mainland China," said Mo, "If I have to give a time frame, it is more likely to be the next year."
Australia's biggest telecommunications company Telecom Australia holds 51% of the shares of SouFun, and other shareholders including the United States venture capital firm IDG, and Mo Tianquan himself.
SouFun profit growth of 2009 targets at 50%, and is currently seeking acquisition opportunities around the world.
Free translation from : Tech.sina.com.cn
