Chinese Online Game Company in $217 Million IPO

July 26, 2007

Cleary Gottlieb represented the underwriters in Perfect World Co., Ltd.’s $217 million SEC-registered initial public offering. Morgan Stanley and Credit Suisse were joint book-running managers for the offering, and CIBC World Markets and Susquehanna Financial Group, LLP were co-managers. The ADRs began trading on the Nasdaq Global Market on July 26.

Perfect World, based in Beijing, China, is a leading online game developer and operator.