HiSoft Technology International, the second largest China-based provider of outsourced IT and R&D services, raised $74 million by offering 7.4 million shares at $10.00, below the range of $11.00 to $13.00. HiSoft Technology plans to list on the NASDAQ under the symbol HSFT. Deutsche Bank Securities, UBS Investment Bank and Citi acted as lead managers on the deal.
