NetworkNewsBreaks – iClick Interactive Asia Grou
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Posted On: 09/09/2020 3:32:29 PM
NetworkNewsBreaks – iClick Interactive Asia Group Ltd (NASDAQ: ICLK) Announces Closing of Follow-On Offering, More Than 8.5M Shares Sold
iClick Interactive Asia Group (NASDAQ: ICLK), a China-based independent online marketing and enterprise data solutions provider, has closed its follow-on offering of 8,500,001 American depositary shares (“ADSs”). The offering constituted two ADSs representing one Class A ordinary share of the company, par value $0.001 per share. iClick itself sold 6,877,214 ADSs while 1,622,787 ADSs were sold by selling shareholder Sumitomo Corporation Equity Asia Limited. In line with the offering agreement, iClick will not receive any proceeds from the sale of ADSs by Sumitomo Corp. Three company executives — Wing Hong Sammy Hsieh and Jian Tang, iClick co-founders, and CFO Terence Li —purchased a total of 117,646 ADSs at the public offering price. Under the agreement, underwriters have a 30-day option to purchase an additional 15% of the total ADSs sold.
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 closed its follow-on offering of 8,500,001 American depositary shares (“ADSs”). The offering constituted two ADSs representing one Class A ordinary share of the company, par value $0.001 per share. iClick itself sold 6,877,214 ADSs while 1,622,787 ADSs were sold by selling shareholder Sumitomo Corporation Equity Asia Limited. In line with the offering agreement, iClick will not receive any proceeds from the sale of ADSs by Sumitomo Corp. Three company executives — Wing Hong Sammy Hsieh and Jian Tang, iClick co-founders, and CFO Terence Li —purchased a total of 117,646 ADSs at the public offering price. Under the agreement, underwriters have a 30-day option to purchase an additional 15% of the total ADSs sold.
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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