Secoo Holding Limited Announces Pricing of Initial Public Offering
September 22 2017 - 7:30AM
Secoo Holding Limited (“Secoo” or the “Company”) (NASDAQ:SECO),
Asia's largest online integrated upscale products and services
platform, today announced the pricing of its initial public
offering of 8,500,000 American depositary shares (“ADSs”) at a
price to the public of US$13.00 per ADS for a total offering size
of approximately US$110.50 million, assuming the underwriters do
not exercise their option to purchase additional ADSs. Each two
ADSs represent one Class A ordinary share. The ADSs are expected to
begin trading on the NASDAQ Global Market today under the symbol
“SECO”.
The Company has granted the underwriters an option, exercisable
within 30 days from the date of the final prospectus, to purchase
up to an aggregate of 1,275,000 additional ADSs to cover
over-allotments.
Jefferies LLC and BNP Paribas Securities Corp. are acting as
joint bookrunners for the offering.
A registration statement related to these securities has been
filed with, and declared effective by, the United States Securities
and Exchange Commission. This press release shall not constitute an
offer to sell or a solicitation of an offer to buy, nor shall there
be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
The offering is being made only by means of a prospectus. When
available, copies of the final prospectus relating to the offering
may be obtained by contacting Jefferies LLC, Attention: Equity
Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New
York, NY 10022, by telephone at (877) 547-6340 or by email at
prospectus_department@jefferies.com; or BNP Paribas Securities
Corp. by telephone at +1-888-860-5378 or by emailing
dl.nyk_elo@us.bnpparibas.com.
About Secoo Holding LimitedSecoo Holding
Limited (“Secoo”) is Asia’s largest online integrated upscale
products and services platform as measured by GMV in 2016. Secoo
provides customers a wide selection of authentic upscale products
and lifestyle services on the Company’s integrated online and
offline shopping platform which consists of the Secoo.com website,
mobile applications and offline experience centers, offering over
300,000 SKUs, covering over 3,000 global and domestic brands.
Supported by the Company’s proprietary database of upscale
products, authentication procedures and brand cooperation, Secoo is
able to ensure the authenticity and quality of every product
offered on its platform.
For more information, please visit ir.secoo.com
For investor and media inquiries, please
contact:
In China:Secoo Holding LimitedJingbo MaTel: +86 10
6588-0135E-mail: ir@secoo.com
The Piacente Group, Inc.Jenny CaiTel: +86 (10)
5730-6200E-mail: Secoo@tpg-ir.com
In the United States:The Piacente Group, Inc. Alan
WangTel: +1-212-481-2050E-mail: Secoo@tpg-ir.com
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