Changyou Announces Pricing of Initial Public Offering on NASDAQ Global Select Market
April 02 2009 - 2:02AM
PR Newswire (US)
BEIJING, April 2 /PRNewswire-Asia/ -- Changyou.com Limited
("Changyou" or the "Company") (NASDAQ:CYOU), a leading online game
developer and operator in China, today announced that its initial
public offering of 7,500,000 American Depositary Shares ("ADSs"),
each representing two Class A ordinary shares of the Company, was
priced at $16.00 per ADS, at the top end of the original pricing
range of $14.00 to $16.00. The ADSs will begin trading on the
NASDAQ Global Select Market on April 2, 2009 under the symbol
"CYOU." (Logo: http://www.newscom.com/cgi-bin/prnh/20090402/CNTH020
) Of the 7,500,000 ADSs being offered, 3,750,000 ADSs are offered
by Changyou, and 3,750,000 ADSs are offered by Sohu.com (Game)
Limited ("the selling shareholder"), an indirect wholly-owned
subsidiary of Sohu.com Inc. (NASDAQ:SOHU). The underwriters have
been granted a 30-day option to purchase up to 1,125,000 ADSs from
the selling shareholder. Credit Suisse Securities (USA) LLC and
Merrill Lynch & Co. acted as joint book runners, Citigroup
Global Markets Inc. acted as senior co-manager, and Susquehanna
Financial Group, LLLP acted as co-manager for the offering.
Changyou's registration statement relating to these securities has
been declared effective by the United States Securities and
Exchange Commission. This news release does not constitute an offer
to sell or a solicitation of an offer to buy the securities
described herein, nor will 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
of the securities was made only by means of a prospectus forming
part of the registration statement, as amended. A copy of the
prospectus relating to the offering may be obtained by contacting
Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New
York, New York 10010- 3629, U.S.A.; phone: 1-800-221-1037; or by
contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated,
4 World Financial Center, 250 Vesey Street, New York, NY 10080;
phone: 1-866-500-5408. About Changyou Changyou.com Limited
("Changyou") (NASDAQ:CYOU) is a developer and operator of online
games in China. Changyou currently operates two MMORPGs, including
the in-house developed Tian Long Ba Bu and the licensed Blade
Online. Changyou has three pipeline games scheduled to begin open
beta testing in 2009 and 2010, including the in-house developed
Duke of Mount Deer, as well as the licensed Immortal Faith and
Legend of the Ancient World. For investor and media inquiries,
please contact: In China: Mr. Yaobin Wang Changyou.com Limited Tel:
+86-10-6272-7777 Email: Mr. Derek Mitchell Ogilvy Financial,
Beijing Tel: +86-10-8520-6284 Email: In the United States: Mr.
Thomas Smith Ogilvy Financial, New York Tel: +1-212-880-5269 Email:
http://www.newscom.com/cgi-bin/prnh/20090402/CNTH020 DATASOURCE:
Changyou.com Limited CONTACT: In China - Mr. Yaobin Wang
Changyou.com Limited +86-10-6272- 7777 or , or Mr. Derek Mitchell,
Ogilvy Financial, Beijing, +86- 10-8520-6284, or , In the United
States - Mr. Thomas Smith, Ogilvy Financial, New York,
+1-212-880-5269, or
Copyright