Reglikedomain industry desk

Breaking: eName discloses Initial Public Offering

Breaking: eName discloses Initial Public Offering

Chinese domain name firm discloses IPO.

enameeName has disclosed its plans to go public, following the merger/buyout of 4.cn earlier this year.

The firm had 2015 revenue of 260 million(CNY) ($40 million USD) and net income is 27.9 million(CNY) ($4.3 million).

That compares to 2014 revenue of 168 million(CNY) ($26 million USD) and net income of 11.9 million(CNY) ($1.8 million USD).

Chairman Dejing “Meatball” Kong owns 68.8% of the shares.

The firm will trade on a secondary, smaller market similar to the London AIM (where Centralnic and MMX are traded).

(Hat tip: Simon Cousins with Allegravita)

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