iSoftStone Holdings Limited, which is a leading China-based provider of outsourced IT services and solutions, announced terms for its IPO on Tuesday. The Beijing-based company plans to raise $130 million by offering 10.8 million ADSs at a price range of $11-$13. At the mid-point of the proposed range, iSoftStone Holdings Limited will command a market value of $612 million. iSoftStone Holdings Limited, which was founded in 2001 and booked $180 million in sales for the 12 months ended September 30, plans to list on the NYSE under the symbol ISS. UBS Investment Bank, J.P. Morgan and Morgan Stanley are the lead underwriters on the deal, for which timing was not disclosed.
