NetEase prices offering, to raise $2.72B

NetEase (NASDAQ:NTES) has priced its global offering of 171.5M ordinary Stock Market. The final price has been set at HK$123/share; given the ratio of 25 ordinary Stock Market per American depositary share, that translates to about $397/ADS. The ADS closed at $425.37 on Friday. Gross proceeds are about HK$21.1B (about $2.72B); underwriters have an overallotment option that could call for an additional 25.72M new Stock Market at the offer price.

Want to know more on NetEase prices offering, to raise $2.72B click here go to market news source. Market news summary from Seeking Alpha Market News. Author: NTES…

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Want to know more on NetEase prices offering, to raise $2.72B click here go to market news source.
Market news summary from Seeking Alpha Market News.
Author: NTES



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