Qingke Announces Full Exercise of Over-Allotment Option in Initial Public Offering
Q&K International Group Limited - American Depositary Shares (QK)
Company Research
Source: GlobeNewswire
SHANGHAI, China, Nov. 13, 2019 (GLOBE NEWSWIRE) -- Q&K International Group Limited (NASDAQ: QK) (“Qingke” or the “Company”), a leading technology-driven long-term apartment rental platform in China, today announced that the underwriters of the Company's initial public offering (the "IPO") have exercised in full their over-allotment option (the “Option”) to purchase additional 405,000 American Depositary Shares ("ADSs"), each representing thirty Class A Ordinary Shares, of the Company at the initial offering price. The company’s total shares outstanding are now 1,436,010,850 ordinary shares. Morgan Stanley & Co. LLC and China International Capital Corporation Hong Kong Securities Limited acted as joint book runners for the offering. Qingke’s registration statement relating to the offering has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the secu
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