HiSoft Technology International, a leading China-based provider of outsourced IT and R&D services for companies in the US and Japan, filed on Thursday with the SEC to raise up to $111 million in an initial public offering. The Dalian-based company, which was founded in 1996 and booked $100 million in sales for the 12 months ended March 31, plans to offer 7.4 million ADSs at a range of $11-$13. HiSoft expects to list on the NASDAQ under the symbol HSFT. Deutsche Bank Securities, UBS Investment Bank and Citi are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.
