$NTFL: $ICLK is debuting on NASDAQ today at 10:25a
Post# of 105583
(Total Views: 4874)
Posted On: 12/22/2017 9:25:13 AM
$NTFL: $ICLK is debuting on NASDAQ today at 10:25am
$400Million IPO.... Lead Underwriter $NTFL
Annual Revenues of $89.5Million
http://www.nasdaq.com/markets/ipos/company/ic...5495-85048
Purpose of IPO
We estimate that we will receive net proceeds from this offering of
approximately US$25.1 million, or approximately US$29.5 million if the
underwriters exercise their option to purchase additional ADSs in full, after
deducting underwriting discounts and commissions and the estimated offering
expenses payable by us. These estimates are based upon an assumed initial
offering price of US$8.50 per ADS, the midpoint of the range shown on the front
cover page of this prospectus. A US$1.00 change in the assumed initial public
offering price of US$8.50 per ADS would, in the case of an increase, increase
and, in the case of a decrease, decrease the net proceeds of this offering by
US$3.5 million, or approximately US$4.0 million if the underwriters exercise
their option to purchase additional ADSs in full, assuming an initial public
offering price of US$8.50 per ADS, the midpoint of the range shown on the front
cover page of this prospectus and after deducting underwriting discounts and
commissions and the estimated offering expenses payable by us.
The primary purposes of this offering are to increase our capitalization and
financial flexibility, create a public market for our ADSs, retain talented
employees by providing them with equity incentives and enable access to the
public equity markets for us and our shareholders. We plan to use the net
proceeds of this offering for the following purposes:
• approximately US$11.0 million of the net proceeds for research and development
and expansion of our suite of solutions and service offerings; and
• approximately US$5.0 million of the net proceeds for sales and marketing.
We plan to use the remaining portion of the net proceeds for general corporate
purposes and in investment, acquisition and business collaboration opportunities
that complement or enhance our existing operations and are strategically
beneficial to our long-term goals, although we have no present commitments or
agreements to enter into any investment, acquisition or business collaboration.
The foregoing represents our current intentions based upon our present plans and
business conditions to use and allocate the net proceeds of this offering. Our
management, however, will have significant flexibility and discretion to apply
the net proceeds of this offering. If an unforeseen event occurs or business
conditions change, we may use the proceeds of this offering differently than as
described in this prospectus.
In utilizing the proceeds of this offering, we are permitted under PRC laws and
regulations to provide funding to our PRC subsidiaries only through loans or
capital contributions. Subject to satisfaction of applicable government
registration and approval requirements, we may extend inter-company loans to our
PRC subsidiaries or make additional capital contributions to our PRC
subsidiaries to fund its capital expenditures or working capital. We cannot
assure you that we will be able to obtain these government registrations or
approvals on a timely basis, if at all.
Company Description
We were the largest independent online marketing technology platform in China in
terms of gross billing in 2016 according to Frost & Sullivan. We had the largest
Chinese consumer data set in terms of number of active profiled users in 2016
among independent online marketing technology companies in
$NTFL DD: https://investorshangout.com/post/view?id=4889935
$400Million IPO.... Lead Underwriter $NTFL
Annual Revenues of $89.5Million
http://www.nasdaq.com/markets/ipos/company/ic...5495-85048
Purpose of IPO
We estimate that we will receive net proceeds from this offering of
approximately US$25.1 million, or approximately US$29.5 million if the
underwriters exercise their option to purchase additional ADSs in full, after
deducting underwriting discounts and commissions and the estimated offering
expenses payable by us. These estimates are based upon an assumed initial
offering price of US$8.50 per ADS, the midpoint of the range shown on the front
cover page of this prospectus. A US$1.00 change in the assumed initial public
offering price of US$8.50 per ADS would, in the case of an increase, increase
and, in the case of a decrease, decrease the net proceeds of this offering by
US$3.5 million, or approximately US$4.0 million if the underwriters exercise
their option to purchase additional ADSs in full, assuming an initial public
offering price of US$8.50 per ADS, the midpoint of the range shown on the front
cover page of this prospectus and after deducting underwriting discounts and
commissions and the estimated offering expenses payable by us.
The primary purposes of this offering are to increase our capitalization and
financial flexibility, create a public market for our ADSs, retain talented
employees by providing them with equity incentives and enable access to the
public equity markets for us and our shareholders. We plan to use the net
proceeds of this offering for the following purposes:
• approximately US$11.0 million of the net proceeds for research and development
and expansion of our suite of solutions and service offerings; and
• approximately US$5.0 million of the net proceeds for sales and marketing.
We plan to use the remaining portion of the net proceeds for general corporate
purposes and in investment, acquisition and business collaboration opportunities
that complement or enhance our existing operations and are strategically
beneficial to our long-term goals, although we have no present commitments or
agreements to enter into any investment, acquisition or business collaboration.
The foregoing represents our current intentions based upon our present plans and
business conditions to use and allocate the net proceeds of this offering. Our
management, however, will have significant flexibility and discretion to apply
the net proceeds of this offering. If an unforeseen event occurs or business
conditions change, we may use the proceeds of this offering differently than as
described in this prospectus.
In utilizing the proceeds of this offering, we are permitted under PRC laws and
regulations to provide funding to our PRC subsidiaries only through loans or
capital contributions. Subject to satisfaction of applicable government
registration and approval requirements, we may extend inter-company loans to our
PRC subsidiaries or make additional capital contributions to our PRC
subsidiaries to fund its capital expenditures or working capital. We cannot
assure you that we will be able to obtain these government registrations or
approvals on a timely basis, if at all.
Company Description
We were the largest independent online marketing technology platform in China in
terms of gross billing in 2016 according to Frost & Sullivan. We had the largest
Chinese consumer data set in terms of number of active profiled users in 2016
among independent online marketing technology companies in
$NTFL DD: https://investorshangout.com/post/view?id=4889935
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