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China's AutoNavi Holdings files for $100 million IPO

June 9, 2010

China's AutoNavi Holdings Limited, which provides digital map content and location-based navigation solutions in China, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. The Beijing-based company, which was founded in 2002 and booked $62 million in sales for the 12 months ended March 31st, 2010, plans to list on the NASDAQ under the symbol AMAP. Goldman Sachs (Asia) L.L.C. is the lead underwriter on the deal, for which pricing terms and timing were not disclosed.