| Despite reports of an Asian recession, Singapore ISP Pacific Internet Pte. Ltd. announced last week that it has filed with the U.S. Securities and Exchange Commission (SEC).
If the application is successful, the initial public offering of the company will be 2,500,000 shares on the NASDAQ with an estimated US$13 to US$15 dollars per share.
Pacific Internet is one of Singapore's three ISP's and will be the first to list in the U.S.
The ISP owns Pacific Internet Philippines and Hong Kong SuperNet Ltd. and is an indirect subsidiary of SembCorp Industries, a leading multi-industrial conglomerate in Singapore.
Business News for IT Managers::
Singapore ISP Pursues IPO In US. By Hans Lombardo. December 1, 1998 Pacific Internet is one of Singapores three ISPs and will be the first to list in the U.S.
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