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Jumei International Holding Ltd announces pricing of initial public offering

Friday, 16 May 2014 05:00am EDT 

Jumei International Holding Ltd:Priced its initial public offering of 11,140,000 American depositary shares by company at $22 per ADS.Total offering size of about $245.1 mln.ADSs will begin trading on New York Stock Exchange under ticker symbol JMEI effective from May 16.Granted underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1,671,000 additional ADSs at $22 per ADS.Expects to receive additional gross proceeds of $150 mln from issuance of 6,818,182 Class A ordinary shares to General Atlantic Singapore Fund Pte Ltd at $22 per share through private placement. 

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