IPOs
By The Online Investor Staff, updated Sat., Aug. 17, 11:56 AM
| This Slide: #1 of 15 |
Slide #1. 9F Inc. — Initial Public Offering
Company:
9F Inc.
Proposed Symbol:
JFU
Shares Offered:
8,900,000
Price Per Share:
$9.50
Over-Allotment:
1,335,000
Description:
9F Inc. (Nasdaq: JFU) ("9F" or the "Company") , a leading digital financial account platform, today announced the pricing of its initial public offering of 8,900,000 American Depositary Shares ("ADSs") (6,750,000 ADSs are offered by the Company, 2,150,000 ADSs are offered by the selling shareholder),each representing one Class A ordinary Shares, at a price of US$9.5 per share for a total offering size of approximately US$84.55 million, assuming the underwriters do not exercise their over-allotment option to purchase additional ADSs. The ADSs have been approved for listing on the Nasdaq Global Market and are expected to begin trading today under the ticker symbol "JFU." The underwriters have been granted an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1,335,000 additional ADSs at the initial public offering price, less the underwriting discount and commissions. The total amount raised of the offering is expected to be US$97.23 million if the underwriters choose to exercise their option in full.
