MOGU Inc. Announces Pricing of Initial Public Offering
December 06 2018 - 8:00AM
Business Wire
MOGU Inc. ("MOGU" or the “Company”) (NYSE: MOGU), a leading
online fashion and lifestyle destination in China, today announced
the pricing of its initial public offering of 4,750,000 American
depositary shares (“ADSs”), each representing 25 of its Class A
ordinary shares, at a price of US$14 per ADS for a total offering
size of US$66.5 million, assuming the underwriters do not
exercise their option to purchase additional ADSs. The ADSs have
been approved for listing on the New York Stock Exchange and are
expected to begin trading today under the symbol “MOGU.”
In addition, the Company has granted the underwriters a 30-day
option to purchase up to an additional 712,500 ADSs.
Upon the completion of this offering, there will be 4,750,000
ADSs (equivalent to 118,750,000 Class A ordinary shares)
outstanding immediately after this offering, or 5,462,500 ADSs
(equivalent to 136,562,500 Class A ordinary shares) if the
underwriters exercise their option to purchase additional ADSs in
full.
Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC
and China Renaissance Securities (Hong Kong) Limited acted as joint
bookrunners for the offering.
A registration statement related to the offering 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 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.
The offering of the securities is being made only by means of a
prospectus forming a part of the effective registration statement.
Copies of the prospectus related to the offering may be obtained by
contacting Morgan Stanley & Co. LLC at Room 214, 2nd Floor, 180
Varick Street, New York, NY, 10014, United States, by
calling 1-866-718-1649; Credit Suisse Securities (USA) LLC at
Eleven Madison Avenue, New York, NY 10010, United
States, by calling 1-800-221-1037; or China Renaissance
Securities (Hong Kong) Limited at Unit 8107-08, Level
81, International Commerce Centre, 1 Austin Road
West, Kowloon, Hong Kong by calling +852-2287-1600.
About MOGU Inc.
MOGU Inc. (NYSE: MOGU) is a leading online fashion and lifestyle
destination in China. MOGU provides young people with a more
accessible and enjoyable shopping experience for everyday fashion,
particularly as they increasingly live their lives online. Through
innovative use of content, MOGU’s platform provides a vibrant and
dynamic community for people to discover and share the latest
fashion trends with others, and offers users a truly comprehensive
shopping experience. For more information on MOGU, please visit:
http://ir.mogu-inc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20181206005346/en/
Qi FengMOGU Inc.Phone: +86-571-85308201E-mail:
ir@mogu-inc.com
Philip LisioThe Foote GroupPhone: +86 135-0116-6560E-mail:
phil@thefootegroup.com
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