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发帖数: 2883 | 1 【 以下文字转载自 JQCLUB 俱乐部 】
发信人: winnie91107 (爱的承诺), 信区: JQCLUB
标 题: Phoenix New Media IPO prices at $11, under target
发信站: BBS 未名空间站 (Thu May 12 18:02:33 2011, 美东)
Phoenix New Media Ltd.'s initial public offering of 12.8 million American
depositary shares priced at $11, lower than expected.
In April, the media company projected a pricing range between $12 and $14
each.
The Hong-Kong based company provides premium content on an integrated
platform across Internet, mobile and television channels in China. It allows
consumers to access the content and share it on the Internet or through
their mobile devices.
Phoenix New Media offered 11.5 million of the ADS, while the rest are from
selling shareholders. The company has said it would use its IPO proceeds for
content acquisition and production, marketing and sales, and product
development and technology infrastructure.
The company's 2010 profit rose to CNY74.1 million ($11.2 million) from
CNY287,000 the prior year, as revenue grew to CNY528.7 million ($80.1
million) from CNY262.3 million.
The ADS will begin trading on the New York Stock Exchange Thursday under the
symbol FENG. |
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