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iClick Interactive Announces IPO Underwriters' Exercise of Over-Allotment Option

ICLICK INTERACTIVE ASIA GROUP LTD ADS (ICLK)  More Company Research Source: GlobeNewswire
PDF HONG KONG, Dec. 28, 2017 (GLOBE NEWSWIRE) -- iClick Interactive Asia Group Limited (“iClick” or the “Company”) (NASDAQ:ICLK), a leading independent online marketing technology platform in China, today announced that the underwriters of the Company's initial public offering (the "IPO") have exercised their over-allotment option in full to purchase an additional 562,500 American depositary shares ("ADSs"), each two representing one Class A Ordinary Share of the Company. Pursuant to terms of the over-allotment option, the underwriters purchased the additional ADSs from the Company at the IPO price of US$8.00 per ADS, less an underwriting discount and commission of US$0.50 per ADS, or a net price of US$7.50 per ADS.      Total proceeds to the Company from ADSs sold in the IPO, including the 3,750,000 ADSs sold initially and the 562,500 ADSs sold pursuant to the over-allotment option, were approximately US$27.5 million, after deducting underwriting discounts and commissions and off [Read more]

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