Perfect World Announces Pricing of Initial Public Offering.ADSs to Begin Trading on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on on July 26 Under Ticker Symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "PWRD" NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Perfect World Co., Ltd. ("Perfect World"), a leading online game developer and operator in China, today announced that it has priced its initial public offering of 11.8 million American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (ADSs) at $16 per ADS. The ADSs, each representing five Class B ordinary shares, will begin trading on Thursday, July 26, 2007 on the NASDAQ Global Market under the symbol "PWRD". The offering comprises an initial public offering of 9 million ADSs by Perfect World and an additional offering of 2.8 million ADSs by certain shareholders of Perfect World disclosed in the prospectus. The underwriters have an option, exercisable for 30 days from the date of the prospectus, to purchase up to an additional 1.77 million ADSs from certain existing shareholders of Perfect World at the initial public offering price less the underwriting discounts and commissions to cover over-allotments of the ADSs. Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. and Credit Suisse acted as joint book runners for
this offering, and CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. and Susquehanna Financial Group,
LLLP LLLP Limited Liability Limited Partnership acted as co-managers for the offering.
A copy of the prospectus relating to the offering may be obtained by contacting Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, New York 10014; Attention: Prospectus Department or by email at prospectus@morganstanley.com; or by contacting Credit Suisse Securities (USA) LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Eleven Madison Avenue, New York, NY 10010-3629; Attention: Prospectus Department. Perfect World's registration statement relating to the securities offered in the offering was declared effective as of July 25, 2007 by the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, 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 Perfect World Perfect World (NASDAQ: PWRD) is a leading developer and operator of online games in China. The company develops 3D massively multiplayer online role playing games (MMORPGs) and casual games based on its proprietary Angelica 3D game engine and game development platform. Perfect World currently offers four self-developed 3D MMORPGs - Perfect World, Legend of Martial Arts, Perfect World II and Zhu Xian. The company has licensed its Perfect World II and Legend of Martial Arts games to leading game operators in 11 and seven countries and regions, respectively, including Japan and Taiwan. Perfect World's headquarters are located in 8th Floor, Huakong Building, No. 1 Shangdi East Road, Haidian District, Beijing, People's Republic of China. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion