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Xunlei Ltd announces pricing of initial public offering


Monday, 23 Jun 2014 11:45pm EDT 

Xunlei Ltd:Announced the pricing of its initial public offering of 7,315,000 American Depositary Shares at an offering price of $12 per ADS.Each ADS represents five common shares.The Company's ADSs are expected to begin trading on the NASDAQ Global Select Market on June 24, 2014 under the ticker symbol XNET.Xunlei's initial public offering consists of 7,315,000 ADSs.In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,097,250 ADSs.J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are acting as the joint book-running managers of the offering and the representatives of the underwriters.Oppenheimer & Co. Inc. is acting as the co-manager for this offering. 

Company Quote

8.07
-0.04 -0.49%
28 Aug 2015