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500.com Ltd Announces Pricing Of Initial Public Offering


Friday, 22 Nov 2013 08:26am EST 

500.com Ltd announced that it has priced its initial public offering of 5,786,000 American Depositary Shares (ADSs), each representing ten Class A ordinary shares of the Company, at USD13.00 per ADS for a total offering size of USD75.2 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs are expected to begin trading on the New York Stock Exchange (NYSE) under the ticker symbol WBAI. The underwriters have been granted an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 867,900 additional ADSs at USD13.00 per ADS. Deutsche Bank Securities Inc. is acting as sole bookrunner, and Piper Jaffray & Co. and Oppenheimer & Co. Inc. are acting as co-managers, for the offering. 

Company Quote

20.14
0.59 +3.02%
18 Dec 2014