Perfect World set for NASDAQ listing

Online game operator Beijing Perfect World Co Ltd is preparing to list on the NASDAQ in the second quarter, company sources said.

"We plan to hold the share offer in the second quarter of this year," said a company source, who asked not to be named because the company has entered its silent period. The source declined to reveal further details such as the company's underwriter or fundraising volume.

The Beijing-based company was established in 2004 and launched its first 3D online game "Perfect World" in early 2005. The firm said it had amassed over 1 million players by last December with its three games "Legend of Martial Arts", "Perfect World" and "Perfect World International Edition".