Wo Wo Group
tonight will be listed on the NASDAQ maximum financing $59 million 330 thousand
[TechWeb] reported on April 2nd news, according to Wo Wo Group official confirmed that Wo Wo Group will be listed on NASDAQ tonight, the latest update of the IPO prospectus shows that Wo Wo Group plans public offering of 4 million 500 thousand shares of American Depositary Shares (ADS), and granted the Underwriters up 675 thousand shares of ADS, the highest public offering of 5 million 175 thousand shares of ADS, the maximum amount of financing to $59 million 330 thousand.
at the beginning of January this year, Wo Wo Group submitted to the U.S. SEC IPO prospectus, stock code "WOWO". Time to market Wo Wo Group was originally scheduled for February 25th, was postponed. Foreign media reported that Wo Wo Group was listed in April 1st, but then a prediction for April 15th.
after submission of the prospectus, Wo Wo Group four update prospectus. The latest update IPO prospectus will be the maximum amount of financing fell to $59 million 330 thousand. The issue of the last update to the prospectus amount from 6 million shares adjusted to 3636363 shares of ADS ADS to 6 million ADS shares, the maximum amount of financing from the initial $40 million to $65 million after the first adjustment of $68 million 900 thousand.
prospectus, Wo Wo Group 2014 net revenues for the 9 months was $20 million 600 thousand, compared to the same period in 2013 of $27 million 600 thousand; a net loss of $32 million 400 thousand, compared with a net loss of $21 million 100 thousand for the same period in 2013. 9 months before the 2014 Wo Wo Group revenue cost of $5 million 500 thousand, compared to the same period in 2013 of $4 million 700 thousand; gross profit was $15 million 100 thousand, compared to the same period in 2013 for $22 million 900 thousand.
as of September 30, 2014 when the number of Wo Wo Group’s business customers for season 105430, has a number of active online shop business customers 70417. (Ming Yu)