58 the same city to the United States Securities and Exchange Commission submitted an updated prospectus

58 the same city (Nyse:wuba) today submitted an updated prospectus to the US Securities and Exchange Commission (SEC), with the largest IPO financing up to $190 million trillion.

The prospectus shows that 58 of the city plans to issue 11 million ads (US depository shares), in addition to the "Green Shoe scheme", which means that the listed company gives the main underwriter the same amount of excess placements as 15% of the issue, and that the term of Shoe is 30 days after the listing. Additional 1.8 million ads, offering price range of 13 to 15 U.S. dollars, the corresponding financing scale of 1.7 to 190 million U.S. dollars.

September 28 this year, 58 of the city formally submitted to the SEC listing applications, plans to log on to the NYSE, the trading code is "Wuba", the estimated financing size of 150 million U.S. dollars. The price range, set today, shows that 58 of the same city will raise the money 13% to 27% higher than originally expected.

The prospectus shows that 58 of the city will introduce Sina (Nasdaq:sina) Chief financial Officer Yu Zhengjun and former Morgan Stanley China executive director Ji as an independent director.

In addition, DCM, a 58-city institutional shareholder, will buy 15 million-dollar shares at the IPO price and lock in for 6 months. DCM currently accounts for 16.6% of stocks.

Morgan Stanley, Credit Suisse, Citigroup and Pacific Crown Securities will act as underwriters in the IPO. 58 with the city is expected to become this year after the Orchid Pavilion set potential, the second landing in the U.S. stock market, the Chinese concept of stocks, but also the domestic classification of information industry's first concept stocks.

Sources said that 58 of the city will be listed as soon as the early November trading.