Top News
China's big-data company Aurora makes Nasdaq debut
Last Updated: 2018-07-27 05:24 | Xinhua
 Save  Print   E-mail

China's mobile big data solutions platform Aurora Mobile Limited debuted on the Nasdaq stock exchange on Thursday, trading under the ticker symbol of "JG."

Aurora priced its initial public offering (IPO) of 9,060,000 American Depositary Shares (ADSs) at 8.50 U.S. dollars per ADS for a total offering size of 77 million dollars, assuming the underwriters do not exercise their option to purchase additional ADSs. Three ADSs represent two Class A common shares.

The underwriters have been granted an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1,359,000 additional ADSs from the Company and the selling shareholders at the IPO price less the underwriting discount.

Aurora said that the proceeds from the IPO will mainly be used to invest in technology, infrastructure and research and development capabilities as well as the balance for general corporate purposes.

Shares of Aurora started trading at 9.00 dollars per share, up 5.88 percent from its IPO price, and rose 3.53 percent to 8.80 dollars per share at the close.

"By listing on the Nasdaq, Aurora hopes to further enhance brand awareness and attract more talents to better grasp business opportunities of China's fast-growing big data industry," Weidong Luo, co-founder and Chief Executive Office of Aurora told Xinhua after the opening bell.

Founded in 2011, the Guangdong, China-based company posted revenues of 20.2 million U.S. dollars in the three months ended March 31, 2018, with a net loss of 3.5 million dollars in the same period, Aurora said in its prospectus.

Goldman Sachs (Asia) L.L.C., Credit Suisse Securities (USA) LLC, and Deutsche Bank Securities Inc. are acting as joint bookrunners for the IPO.

Share to 
Related Articles:
Most Popular
Chinese | BIG5 | Deutsch
About | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved