Auto's web site contains editorial originality and user-made comments

Beijing time November 5 morning News, China Automotive Information website Auto today to the U.S. Securities and Exchange Commission to submit a listing application, plans to go to the U.S. IPO (initial public offering), up to 120 million U.S. dollars.

Auto plans to log on to the NYSE, with the stock trading code "Athm". Deutsche Bank and Goldman Sachs will act as underwriters for the IPO. Auto plans to use the listing proceeds for technology and product development, as well as marketing campaigns.

Listing application documents show that in the first 9 months up to September 30 this year, auto revenue was RMB 830.6 million (about 108.8 million U.S. dollars), compared with the same period last year, the RMB 510.8 million yuan growth 63%; Net profit is 333.5 million yuan (about 54.6 million USD), 169.6 million yuan grew by 97% over the same period last year.

Australian telecom operator Telstra is the auto's largest shareholder. In a filing with regulators, Australia has recently raised its holdings of auto shares from 66% to 71.5%.

Auto was founded in June 2005. June 27, 2008, the Australian Telecom announced the acquisition of Bubble (including auto) and Hao Chen Media (subordinate it168che168.com joint offers) their respective 55% shares.

Auto's web site contains editorial originality and user-made comments, articles, pictures and videos. It provides automotive information gathering users, to the automotive industry manufacturers to provide advertising, marketing and ordering services.

In the past 2 months, the LAN technology, 58 with the city, to where three Chinese technology companies in the United States successfully listed. Another 500 lottery nets, state digital (3G Portal parent company) Two companies to the U.S. Securities and Exchange Commission submitted an IPO (initial public offering) documents, ready to go to the U.S. listing.