Information Technology Services IPOs » By The Online Investor Staff, updated Mon., Oct. 14, 9:36 AMRecent initial public offerings in the Information Technology Services IPOs category.
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Slide #1. Gridsum Holding Inc. — Initial Public Offering
Company:
Gridsum Holding Inc.
Proposed Symbol:
GSUM
Shares Offered:
6,700,000
Price Per Share:
$13.00
Over-Allotment:
1,005,000
Description:
Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ:GSUM), a leading provider of sophisticated data analysis software in China, today announced that its initial public offering of 6,700,000 American depositary shares ("ADSs") was priced at US$13.00 per ADS, with a total offering size of US$87.1 million, assuming no exercise by the underwriters of their option to purchase additional ADSs. Each ADS represents one Class B ordinary share of the Company. The ADSs are expected to begin trading on the NASDAQ Global Select Market on September 23, 2016 under the symbol "GSUM." The Company has granted the underwriters a 30-day option to purchase up to an additional 1,005,000 ADSs at the initial public offering price, less the underwriting discounts and commission.
