China’s Xunlei Said to Hire Banks for $200 Million U.S. IPO

Shenzhen Xunlei Network Technology Ltd., the Chinese video and music file-sharing company partly owned by Google Inc., is planning to raise about $200 million in an initial public offering in the U.S. this year, according to two people with knowledge of the situation.

The company has hired underwriters including JPMorgan Chase & Co. and Deutsche Bank AG for its IPO, said the people, who declined to be identified because the plans aren’t public.