Xunlei is seeking to raise $114 million in an initial public offering (IPO), Renaissance Capital reports. The Chinese web platform is aiming to sell 7.6 million shares at a price range of $14 to $16 per share.

JP Morgan and Deutsche Bank Securities were named as the lead underwriters on the transaction. Cowen, Needham and Stifel Nicolaus Weisel have also been appointed as co-managers.

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