Beijing-based online gaming developer Perfect World (Zhu Xian, Legend of Martial Arts) developed an eponymous MMO that launched in China in 2006 and continues to be published internationally, claiming over 30 million registered players. Now, it has filed for an initial public offering on Nasdaq to sell up to $100 million in ADRs. The recent filing with the SEC didn't say how many shares will be offered, nor did it indicate a price range for the IPO.

Perfect World says it will use its proceeds from the IPO for research and development and general corporate purposes, and that it has applied to list its shares under the symbol PWRD.

[Via Forbes.com]