Internet firms aiming for NASDAQ

Three Chinese Internet companies are preparing to list on the NASDAQ stock exchange in New York City, according to a report in the Financial Times. Travel site eLong, job site 51job.com and online gaming company The9 had appointed advisors to execute initial public offerings of a minimum of US$100 million each, the Financial Times reported. The report said that the three listings had the potential to raise as much as a total of US$1 billion, but that US investor sentiment toward Chinese Internet company IPOs had waned in recent months.