NetworkNewsBreaks – iClick Interactive Asia Grou
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Posted On: 09/03/2020 3:55:02 PM
NetworkNewsBreaks – iClick Interactive Asia Group Ltd. (NASDAQ: ICLK) Updates Follow-On Offering Quantity, Price
iClick Interactive Asia Group (NASDAQ: ICLK), a China-based independent online marketing and enterprise data solutions provider, has released updated information regarding the share quantity and price of its follow-on offering, which was announced earlier this week. The original announcement outlined an offering of up to 7,922,787 American depositary shares (“ADSs”), with two ADSs representing one Class A ordinary share of the company, par value $0.001 per share; those numbers have been upsized to 8,500,001 ADSs with a price increase of $8.50 per ADS. iClick itself is offering 6,877,214 ADSs while shareholder Sumitomo Corporation Equity Asia Limited is offering the remaining 1,622,787 ADSs. Two of iClick’s principal shareholders, Wing Hong Sammy Hsieh and Jian Tang, along with iClick CFO Terence Li have indicated an interest in purchasing $1 million of the ADSs, as outlined in the offering, which is expected to close on Sept. 8, 2020, subject to customary closing conditions.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
iClick Interactive Asia Group (NASDAQ: ICLK), a China-based independent online marketing and enterprise data solutions provider, has released updated information regarding the share quantity and price of its follow-on offering, which was announced earlier this week. The original announcement outlined an offering of up to 7,922,787 American depositary shares (“ADSs”), with two ADSs representing one Class A ordinary share of the company, par value $0.001 per share; those numbers have been upsized to 8,500,001 ADSs with a price increase of $8.50 per ADS. iClick itself is offering 6,877,214 ADSs while shareholder Sumitomo Corporation Equity Asia Limited is offering the remaining 1,622,787 ADSs. Two of iClick’s principal shareholders, Wing Hong Sammy Hsieh and Jian Tang, along with iClick CFO Terence Li have indicated an interest in purchasing $1 million of the ADSs, as outlined in the offering, which is expected to close on Sept. 8, 2020, subject to customary closing conditions.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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