Report: Allyes To Go Public

Allyes Information Technology Company Ltd., a < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Shanghai, China-based online advertising firm, is panning to file for a $100 million IPO on the Nasdaq in the first half of 2007, according to Reuters. Morgan Stanley will serve as lead underwriter. The company has raised $35 million in VC funding from firms like IDG Technology Ventures and Oak Investment Partners.< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />