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Leju Holdings announces pricing of initial public offering

Thursday, 17 Apr 2014 07:00am EDT 

Leju Holdings Ltd:Says its initial public offering of 10,000,000 American depositary shares (ADSs), each representing one ordinary share , was priced at $10.00 per ADS.ADSs will begin trading on the New York Stock Exchange on April 17, 2014 under the ticker symbol LEJU.All of the 10,000,000 ADSs in the offering are offered by Leju.Underwriters have been granted a 30-day over-allotment option to purchase up to an additional 1,500,000 ADSs from Leju.Expects to receive gross proceeds of $100.0 mln from the offering at closing, assuming the underwriters do not exercise their option to purchase additional ADSs.Additional gross proceeds of about $20.3 mln from the issuance of 2,029,420 ordinary shares to Tencent at $10.00 per share in private placement concurrent with the closing of the offering.Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, China Renaissance Securities (Hong Kong) Limited, Macquarie Capital (USA) Inc. and China Merchants Securities (HK) Co., Limited acted as joint book runners for the offering. 

Company Quote

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