Netease.com and Sohu.com, China's second and third biggest internet portals, are going head to head in a battle for investment dollars as they prepare to list their shares for the first time on Nasdaq. It's a contest that could set the benchmark for what investors are prepared to pay for second-tier internet companies in Asia, analysts say.
Sohu, which kicked off its roadshow in Hong Kong today, raised the price range of its offer to between $16 and $19 a share from $13 to $16 a share, suggesting demand for the 4.6 million new shares may be greater than anticipated. At the new price, the company could...
