Rochester, NY 8/10/2009 11:04:03 PM
CDC Corporation, CHINA - CDC Software will be replacing IPO This Week
CDC Corporation
After three years of simmering, the idea to spin off CDC Software Corp. from its parent, CDC Corp., is ready for tasting. The enterprise software company this week expects to offer 4 million shares in an initial public offering that it hopes will raise roughly $43.4 million.
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“We are expecting to price this week,” a spokeswoman for the company said in an e-mail to Managing Automation today. The company plans to use the money raised for working capital, she said.
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