Baozun announces pricing of follow-on public offering of 6M american depositary shares

|About: Baozun (BZUN)|By:, SA News Editor

Baozun (NASDAQ:BZUN) priced the follow-on public offering of an aggregate 6M ADS at $12.25/ADS. The Company and selling shareholders each will issue 3M ADS with each ADS representing three Class A ordinary shares.

The selling shareholders have granted the underwriters an option to purchase up to an aggregate of 0.9M additional ADS, exercisable within 30 days from the date of the final prospectus at US$12.25/ADS.

The company expects net proceeds to be approx. $33.1M.

Underwriters: Credit Suisse Securities (NYSE:USA) LLC, Deutsche Bank Securities Inc. and China Renaissance Securities (Hong Kong) Limited.

Press Release

Subscribe for full text news in your inbox