IPOs
By The Online Investor Staff, updated Fri., Jan. 24, 6:27 PM
| This Slide: #3 of 15 |
Slide #3. Molecular Data Inc. — Initial Public Offering
Company:
Molecular Data Inc.
Proposed Symbol:
MKD
Shares Offered:
11,500,000
Price Per Share:
$5.38
Over-Allotment:
1,725,000
Description:
Molecular Data Inc. ("Molecular Data" or the "Company") (Nasdaq: MKD), a leading technology-driven platform in China's chemical industry, today announced that it has priced its initial public offering of 11,500,000 American depositary shares ("ADSs") at a price to the public of US$5.38 per ADS for a total offering size of approximately US$61.87 million, assuming the underwriters do not exercise their over-allotment option to purchase additional ADSs. Each ADS represents three Class A ordinary shares of the Company. The ADSs are expected to begin trading on the Nasdaq Stock Market today under the ticker symbol "MKD." The Company has granted to the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1,725,000 additional ADSs at the initial public offering price per ADS.
