Double 12 = on the Nasdaq day

Mo will be in the "double 12" (US-east time) on the Nasdaq listing. Stock code MOMO, the IPO price 12.50~14.50 USD--ipo is expected to raise $216.5 million trillion. Underwriters include: Morgan, JP Morgan, Credit Suisse and Huaxing capital.

Founded nearly 4 years, the registered users of the street has broken 180 million (as of September 30 this year), the monthly live users 60.2 million people, the average daily live 25.5 million people-year-on-year growth of 160%, 112%, 140%. The expansion of the user base indirectly strengthened the profitability of the company: the first 9 months of this year revenue of 26.2 million U.S. dollars--68.1% from membership fees. Among them, the MO pay member user and the game pays the user to grow rapidly, the latter in the first half brings the income to reach 4.4 million dollars.

At present, the MO implement double stock structure. According to the prospectus: The Chairman, co-founder and chief executive of the company have a Group B unit, which retains 78% of the total voting stock. Alibaba is holding a 21% stake in the street, there are also Ali's board of directors of a current executive, and a former executive.

The combination of Ali and the future of the commercial concept of the "to shop pass" is critical-the project is designed to be a social transformation of strangers to create a location-based advertising platform. According to the agreement: the MO will for Ali Merchant drainage, get divided.

In addition, Ali and 58 will be from the same city to buy 5 million U.S. dollars, 1 million dollar A-class shares.