Camelot Information Systems Inc., a Beijing-based provider of enterprise application services and financial industry IT services in China, has set its IPO terms to 13.33 million American depository shares being offered at between $11 and $13 per share.
The company plans to trade on the NYSE under ticker symbol CIS, with Barclays Capital and Goldman Sachs (Asia) serving as co-lead underwriters. It reports a 2009 profit of $36 million on around $118 million in revenue.
Citigroup Venture Capital holds a 29% pre-IPO stake. www.camelotchina.com