iClick Interactive Announces IPO Underwriters' Exercise of Over-Allotment Option
December 28 2017 - 6:00AM
iClick Interactive Asia Group Limited (“iClick” or the “Company”)
(NASDAQ:ICLK), a leading independent online marketing technology
platform in China, today announced that the underwriters of the
Company's initial public offering (the "IPO") have exercised their
over-allotment option in full to purchase an additional 562,500
American depositary shares ("ADSs"), each two representing one
Class A Ordinary Share of the Company. Pursuant to terms of the
over-allotment option, the underwriters purchased the additional
ADSs from the Company at the IPO price of US$8.00 per ADS, less an
underwriting discount and commission of US$0.50 per ADS, or a net
price of US$7.50 per ADS.
Total proceeds to the Company from ADSs sold in
the IPO, including the 3,750,000 ADSs sold initially and the
562,500 ADSs sold pursuant to the over-allotment option, were
approximately US$27.5 million, after deducting underwriting
discounts and commissions and offering expenses payable by the
Company. The Company had a total of 26,059,433 ordinary shares
outstanding after the close of the over-allotment option.
Roth Capital Partners is acting as sole
book-runner for the offering. Shenwan Hongyuan Securities (H.K.)
Limited and Network 1 Financial Securities, Inc. are acting as
co-managers for the offering.
A registration statement relating to the
securities being sold in this offering was declared effective by
the Securities and Exchange Commission on December 21, 2017. This
offering is being made only by means of a written prospectus
forming part of the effective registration statement. A copy of the
final prospectus relating to the offering may be obtained, when
available, by contacting Roth Capital Partners, 888 San Clemente
Drive, Suite 400, Newport Beach, CA 92660, (800) 678-9147 or by
accessing the SEC’s website, www.sec.gov.
This press release shall not constitute an offer
to sell, or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About iClick Interactive Asia Group
Limited
iClick was China’s largest independent online
marketing technology platform in China in 2016 in terms of gross
billing according to Frost & Sullivan. Built on cutting-edge
technologies, our proprietary platform possesses omni-channel
marketing capabilities and fulfills various marketing objectives in
a data-driven and automated manner, helping both international and
domestic marketers reach their target audiences in China.
For investor and media inquiries, please
contact:
In China:iClick Interactive Asia Group
LimitedJie JiaoPhone: +852-3700-9065E-mail: ir@i-click.com
The Piacente Group, Inc.Ross WarnerTel: +86 (10)
5730-6200E-mail: iclick@tpg-ir.com
In the United States:The Piacente Group, Inc. Alan
WangTel: +1-212-481-2050E-mail: iclick@tpg-ir.com
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