ISoftStone, a China-based provider of technology consulting and software services, plans to float on the New York Stock Exchange.
Investment banks UBS, JP Morgan and Morgan Stanley are co-leading the initial public offering, which has yet to disclose the size or price of the placement, according to its regulatory filing. Fidelity Growth Partners Asia, previously known as Fidelity Asia Ventures and the corporate venturing unit of US mutual fund manager Fidelity, owns 23.2% of iSoftStone.
AsiaVest Partners, a venture capital partnership between AsiaVest Investment and Société Générale’s asset management subsidiary TCW Group, owns 29% and Infotech Ventures 9.1%.