58 in the same city will be additional 6 million ads IPO price 38 USD

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Beijing time March 28 Evening News, 58 the same city (Nyse:wuba) announced today, the company has two times issued the price of the United States Depository shares (hereinafter referred to as "ADS") 38 U.S. dollars.

58 the same city in Monday announced that the company and its specific shareholders will be two times issued 8 million ads, ads per share for two shares a common stock. In addition, the 58 city also granted underwriters 30 days of excess placement options, and could buy 1.2 million shares of 58 city ads. Therefore, the total will be more than 9.2 million ads.

But 58 of the city said today that the company will issue 2 million ads, selling shareholders will sell 4 million ads, the price of ads for each share of 38 U.S. dollars. In addition, the selling shareholders agreed to grant the underwriters 30 days of excess placement options, up to a maximum of 900,000 shares of ads.

58 the same city said that the additional gross income of 76 million U.S. dollars, the company will not be from the sale of stock shareholders to obtain any proceeds. The additional underwriters are Morgan Stanley, Credit Suisse, Citigroup and Pacific Crown Securities (Pacific Crest Nomura).