Australian online media group LibertyOne Ltd Thursday announced plans to
list on the Nasdaq by the end of the year.
The company expects to raise AU$50 million and AU$70 million through the offering.
Its stock will continue to be traded on the Australian Stock Index (ASX).
LibertyOne, which owns half of the joint venture for Excite Australia, intends to use the
capital for company expansion.
The company’s strategy is to import proven Internet brands and acquire the
rights to for regional development. LibertyOne’s most recent endeavor was a
deal to bring uBid to Australia, New Zealand and nine other Asia Pacific countries.