8 million shares of US depository stocks to be sold

Summary: The IPO, the company plans to sell 8 million shares in the United States Depository Shares (ADS), including the sale of 7.38 million shares of U.S. depositary shares, the cattle shareholders sell 620,000 shares of the United States depository shares; In addition, it also awarded the underwriters up to 1.2 million shares of the United States depository stocks excess

The IPO, the company plans to sell 8 million shares of US depository shares (ADS), in which 7.38 million shares of US depository shares were sold by the cattle companies, and 620,000 shares of the US depository stock were sold by the passers-cattle, while the bull also granted the underwriters a maximum of 1.2 million shares in the United States depository stocks. To sum up, the IPO is the highest issue of 9.2 million shares ads.

At present, Udunder executives and board members of ordinary shares accounted for 86.4% of the shares, including the CEO of 10.9%,coo Hai Feng shareholding 7.8%, director Frank Lin shareholding 23.5%,eugene Chehchun Huang shares 16.7%, Cao Jiatai shareholding 16.4%, Steve Yue Ji shares 13.2%. After the IPO, the proportion of the shares in the Class A common stock of 22.9%,B executives and board members will be 87.3%, and overall, the ratio of executive and board voting will be 85%, of which the director Frank Lin will have 23.6% of the highest voting rights, CEO Udunder's voting power accounted for 9.5%.

Institutional shareholders, the current DCM common shares 23.5%,esta Investments shareholding 16.7%, Gobi Two fund holding 16.4%, Sequoia Capital shareholding 13.2%, Dragon Rabbit Capital Holding 9.6%, Jules Verne Capital shareholding 6.4%,rs Empowerment shareholding 5.3%. After the IPO, these institutions have the right to vote in proportion to their current shareholding.

The underwriters of the IPO include Morgan Stanley, Credit Suisse, Huaxing Capital and Oppenheimer fund.

Just a few days ago, the cheetah movement also lowered the IPO's top financing, down 1/3 to $200.1 million. However, in stark contrast, according to foreign media reports, the upcoming U.S.-listed Ali is currently in consultation with the relevant investment banks, plans to increase the number of IPO shares, expand the scale of financing.