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Financing Is About 204 Million US Dollars &Nbsp; Dangdang Market Value Is US $935 Million.

2010/11/24 16:09:00 36

Dangdang Market Listing

 

According to foreign media reports, Beijing time November 24th.

Dangdang

towards

Securities and Futures Commission

The submitted documents show that 17 million US depositary shares (ADS) are proposed for initial public offering (IPO), with a price range of $11-13 per ADS.

The size of the public offering is 17 million shares.

financing

About $204 million; the median market value of the issue price is Dangdang's market capitalization of US $935 million.


The document shows that 13 million 200 thousand of the ADS issued by the company are issued by the company, while 3 million 800 thousand are sold by the shareholders of the company, and each ADS is equivalent to 5 common shares in the ADS.


According to the median price range of US $12, the net proceeds will be US $144 million. If the Underwriters make over 2 million 250 thousand allotment of ADS, the net proceeds will increase to US $147 million.

The company will not get any capital income from shareholders' shares.


Dangdang sells products including books, media products and some commonly used commodities, such as cosmetics, household products, daily necessities, etc.

Compared with the prospectus submitted last time, Dangdang's listing code for New York stock exchange also changed to "DANG".

Credit Suisse and Morgan Stanley Credit Suisse, Morgan Stanley and the US investment bank Piper Jaffray will be the main underwriters of Dangdang's IPO.


The fund-raising funds will mainly be used to expand the category and operation capacity of exhibits, while strengthening basic technology construction in the future. The remaining funds will be used for day-to-day operations and potential acquisition plans.


The IPOScoop.com website, which focuses on the IPO market, predicts that the Chinese e-commerce company Dangdang will be on sale in December 8th.

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