Xunlei to restart its IPO process in US

Xunlei, an Internet platform that offers digital content acceleration and online video services in China, is likely to restart work on its proposed initial public offering in the United States next month, Tencent.com said on Wednesday.

Xunlei Corp had in a recent regulatory filing said it plans to raise $100 million from an IPO in the US capital markets.

In 2011, Xunlei had drafted plans to raise $114 million on the Nasdaq with a $1 billion market cap but later shelved it due to the uncertain market conditions.