China real estate portal SouFun preparing IPO -sources

HONG KONG, July 23 (Reuters) - SouFun, China's No. 2 online real estate website, is preparing for a U.S. initial public offering worth up to $300 million, in what could be the largest such listing by a Chinese Web company this year, sources said.

JPMorgan Chase & Co (JPM.N), Bank of America Merrill Lynch (BAC.N) and UBS AG (UBSN.VX)(UBS.N) were working on the deal, although no final mandates had been given, sources at the three banks said on condition of anonymity because nothing had been finalised.

Media reports have said Goldman Sachs Group Inc (GS.N) and Deutsche Bank AG (DBKGn.DE) may also be vying for mandates.

SouFun, 51 percent owned by Australia's Telstra (TLS.AX), aimed to list on the New York Stock Exchange and could make its offering by year end, said one of the sources working on the deal. (Additional reporting by Doug Young, and Sonali Paul and Mike Smith in Sydney; Editing by Chris Lewis)