Chinese real estate group will IPO in the United States financing 200 million U.S. dollars

China Real Estate Information Group is a subsidiary of Yi Ju China, providing real estate information and consulting services. According to the company’s filings to the U.S. Securities and Exchange Commission briefing, as of June 30 this year, the company owned the real estate information database of 56 Chinese cities and information of 38200 development projects or buildings, and 24200 land to be developed.

China Real Estate Information Group plans to merge Sina.com current online real estate business, and Sina will get some of its stakes after the company’s IPO.

In first half of 2009, China’s real estate information Group’s revenue grew by 61.8% to 31.2 million U.S. dollars, with a net profit of 11 million U.S. dollars.

China Real Estate Information Group plans to issue American Depositary Shares in NASDAQ Global Market under the ticker symbol “CRIC”. The company’s primary underwriters for the IPO are Credit Suisse and UBS.

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