Perfect World, a developer of online 3D video games in China, announced the terms of its IPO Wednesday. The company plans to offer 11.8 million ADSs, including 2.8 million from selling shareholders, at a price between $12 and $14 per ADS. Each ADS will represent five ordinary shares, and the ADSs are expected to trade on the NASDAQ. Morgan Stanley and Credit Suisse are bookrunning the deal.
