Wanda Sports Group Company Limited Announces Pricing of Initial Public Offering
July 26 2019 - 12:54PM
Wanda Sports Group Company Limited (“Wanda Sports Group”) (NASDAQ:
WSG), a leading global sports events, media and marketing platform,
today announced the pricing of its initial public offering of
23,800,000 American Depositary Shares (“ADSs”), every two ADSs
representing three of its Class A Ordinary Shares, at a price to
the public of US$8 per ADS. Wanda Sports Group has granted the
underwriters an option to purchase up to an additional 3,570,000
ADSs to cover over-allotments. The total gross proceeds of the
offering are expected to be approximately US$219 million if the
underwriters choose to exercise their over-allotment option in
full.
The ADSs have been approved for listing on the
NASDAQ Global Select Market and are expected to begin trading today
under the symbol “WSG.” The offering is expected to close on July
30, 2019, subject to satisfaction of customary closing
conditions.
Morgan Stanley & Co. LLC, Deutsche Bank
Securities Inc., Citigroup Global Markets Inc., Haitong
International Securities Company Limited, China International
Capital Corporation Hong Kong Securities Limited, CLSA Limited and
SG Americas Securities, LLC are acting as joint bookrunners of this
offering.
A registration statement related to the
securities being sold in this offering has been filed with the U.S.
Securities and Exchange Commission (the “SEC”) and declared
effective. Copies of the registration statement can be accessed on
the website of the SEC at www.sec.gov.
The offering is made only by means of a
prospectus forming a part of the effective registration statement.
A copy of the final prospectus related to the offering, when
available, may be obtained by contacting:
Morgan Stanley & Co. LLC 180 Varick
StreetNew York, NY 10014United States+1 917 606-8487
Deutsche Bank Securities Inc.60 Wall StreetNew
York, NY 10005United States+1 800 503-4611
Citigroup Global Markets Inc.Broadridge, 1155
Long Island AvenueBays 4-9, EdgewoodNew York, NY 11717United
States+1 800 831-9146
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 Wanda Sports Group
Wanda Sports Group is a leading global sports
events, media and marketing platform with a mission to unite people
in sports and enable athletes and fans to live their passions and
dreams. Through our businesses, including Infront and IRONMAN, we
have significant intellectual property rights, long-term
relationships and broad execution capabilities, enabling us to
deliver unrivalled sports event experiences, creating access to
engaging content and building inclusive communities. We offer a
comprehensive array of events, marketing and media services through
three primary segments: Mass Participation, Spectator Sports and
Digital, Production, Sports Solutions (DPSS). Our full service
platform creates value for our partners and clients as well as
other stakeholders in the sports ecosystem, from rights owners, to
brands and advertisers, and to fans and athletes.
Headquartered in Beijing, China, Wanda Sports
Group has more than 60 offices and 1,600 employees around the
world.
Cautionary Statement Regarding
Forward-Looking Statements
Any statements made in this press release that
do not relate strictly to historical or current facts are
forward-looking statements that reflect our current plans, beliefs,
expectations and current views with respect to future events.
Forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other important factors that could
cause our actual results, performance or achievements to differ
materially from historical results or any future results,
performance or achievements expressed, suggested or implied by the
forward-looking statements. Certain of these risks and
uncertainties are described in Wanda Sports Group's registration
statement on Form F-1 filed with the SEC, including under the
headings of "Risk Factors" and "Special Note Regarding
Forward-Looking Statements" in the registration statement.
Forward-looking statements made in this press release speak only as
of the date of this press release, and we undertake no obligation
to update them in light of new information or future events, except
as required by law.
For more information,
please contact:
Wanda Sports Group Eric Yuanir@wsg.cn
Sard Verbinnen & CoAsia – Ron Low and Yin
AiUS – Paul Scarpetta and Bob RendineEurope – Charlie Chichester
WandaSports-SVC@SARDVERB.com
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