China based videogame company Shanda Games is making headlines.
The company has managed to raise around 1 billion dollar through their initial public offering.
Shanda however managed to meet this target by offering more shares than analysts had expected.
The company is known for publishing games like The Legend of Mir II. These games are popular in the domestic market.
Shanda Games said that they would use the funds generated through the IPO for expansion through acquisitions and joint ventures.
