Poly-Mei Excellent product NYSE officially listed, the stock code as "Jmei"

Sina Science and technology news May 17 morning, Poly-Mei excellent products in Friday officially listed on the NYSE, the stock code for "Jmei", the opening price of 27.25 U.S. dollars, compared to the issue price of 22 U.S. dollars rose 23.86%, up to the end of the United States to accept 24.18 U.S. dollars, higher than the price increase 9.91% The market value is about 3.433 billion dollars.

Set up only 4 years of poly Excellent products April 12 submitted to the listing SEC documents, financing 400 million U.S. dollars. The prospectus shows that the US plans to sell 9.5 million U.S. Depository Receipts (ADS) Each depository voucher represents 1 shares of Class A common stock, within 30 days underwriters may exercise the "Green Shoe" power (the option of excess placements), and then sell 1.425 million shares of depository receipts, issuing interval of 19.5-21.5 USD.

Friday night, the United States to determine the issue price of 22 U.S. dollars, exceeding the price range limit, the IPO raise funds of about 430 million U.S. dollars.

The prospectus shows that, prior to the IPO, the Chairman and CEO Chen Au held 40.7% of the company, with the co-founder Daiusen Holding 6.3%, the director Ke 10.3% and the entire executive and board team holding a total of 57.5%.

According to the closing price, Chen Au after the listing of 1.397 billion U.S. dollars.

The prospectus shows that it has been profitable for 7 consecutive quarters. The prospectus updates the first quarter of 2014, with net revenue of $154.9 million, including proprietary trading of $129.9 million, and a third-party platform business of 25 million dollars, up 220% per cent year-on-year. Profit, the first quarter of 2014, gross margin of 68.3 million U.S. dollars, net profit of 16.6 million U.S. dollars, excluding equity incentive costs rose 122%.

The underwriters of the IPO include Goldman Sachs, Credit Suisse Securities, JPMorgan Chase Securities, Huaxing Capital, Piper Jaffray and Oppenheimer & Co. Matchless)

Company Profile:

Poly Excellent Products by returnees Chen Au, Daiusen founded in March 2010, is committed to creating a simple, fun, trustworthy cosmetics shopping experience, the company pioneered the "cosmetics group buy" concept: every day in the website recommended hundreds of hot cosmetics, and beyond the market price discount Limited sales.

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