HANGZHOU, China, Oct. 20, 2017 /PRNewswire/ -- BEST Inc. ("BEST"
or the "Company") (NYSE: BSTI), a leading Smart Supply Chain
service provider in China, today
announced that the underwriters of its previously announced initial
public offering have exercised in full their option to purchase an
additional 6,750,000 American Depositary Shares ("ADSs") from BEST
and certain selling shareholders to cover over-allotments.
Each ADS represents one Class A ordinary share of BEST and was
sold to the public at the price of US$10.00 per share. BEST and the selling
shareholders raised a total of approximately US$517.5 million in gross proceeds from the
initial public offering, after the underwriters' exercise in full
of their option to purchase additional ADSs.
Citigroup Global Markets Inc., Credit Suisse Securities
(USA) LLC, Goldman Sachs
(Asia) L.L.C., J.P. Morgan
Securities LLC and Deutsche Bank Securities Inc. are acting as
joint bookrunners of the offering and as the representatives of the
underwriters.
A registration statement relating to the securities being sold
in the offering has been filed with, and declared effective by, the
United States Securities and Exchange Commission.
The 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 by
contacting the prospectus department at: (1) Citigroup Global
Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717,
United States, telephone:
+1-800-831-9146; (2) Credit Suisse Securities (USA) LLC, Attention: Prospectus Department at
Eleven Madison Avenue, New York, New
York 10010-3629, telephone: +1-800-221-1037, email:
newyork.prospectus@credit-suisse.com; (3) Goldman, Sachs & Co.,
200 West Street, New York, New
York 10282-2198, Attention: Prospectus Department,
telephone: +1 (212) 902 1171; (4) J.P. Morgan Securities LLC,
Attention: Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone:
+1-866-803-9204; or (5) Deutsche Bank Securities, Attention:
Prospectus Group, 60 Wall Street, New
York, NY 10005, telephone: +1-800-503-4611, email:
prospectus.cpdg@db.com. Calling any of the foregoing numbers is not
toll free outside the United
States.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
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.
About BEST Inc.
BEST Inc. (NYSE: BSTI) is a leading Smart Supply Chain service
provider that aims to transform China's logistics and supply chain industry.
BEST provides express and freight delivery, integrated supply chain
management solutions, merchandise sourcing and fulfilment services
for convenience stores, and financial and other value-added
services. BEST leverages technology and business model innovation
to create a smarter, more efficient supply chain that empowers
businesses and enriches the lives of consumers in the New Retail
era.
Contacts
For Investors:
+852 3611 2562
ir@best-inc.com
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SOURCE BEST Inc