PR Newswire
(Copyright (c) 2000, PR Newswire)

SAN MATEO, Calif., Aug. 3 /PRNewswire/ -- iAsiaWorks(TM), Inc. (Nasdaq: IAWK), a provider of internet services in the Asia-Pacific region, today announced the initial public offering of 9,000,000 shares of its common stock at a price of $13.00 per share. All shares were offered by the Company. The Company's common stock will be listed on the Nasdaq National Market under the symbol IAWK.

Goldman, Sachs & Co. is the Sole Bookrunner and Joint Lead Manager of the offering. Morgan Stanley Dean Witter is acting as the Joint Lead Manager and Salomon Smith Barney as Co-Manager of the offering.

This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A copy of the prospectus related to the offering can be obtained from Goldman, Sachs & Co. at 85 Broad Street, New York, NY 10004, (212) 902-1000; Morgan Stanley Dean Witter at 1585 Broadway, 30th Floor, New York, NY 10036, (212) 761-4000; or Salomon Smith Barney at 388 Greenwich Street, 37th Floor, New York, NY 10013, (212) 816-6000.

About iAsiaworks (IAWK)

iAsiaWorks offers a range of internet services, including dedicated Web hosting and co-location, in Hong Kong, South Korea, Taiwan, Australia, mainland China, India, Japan, Singapore, the Philippines, Thailand, New Zealand and the United States.