Jumei International Holding Prices IPO At $22.00/ADS

(RTTNews) - Jumei International Holding Limited (JMEI), China-based online retailer of beauty products, announced Friday that it has priced its initial public offering of 11.14 million American depositary shares or "ADSs" by the Company at $22.00 per ADS for a total offering size of approximately $245.1 million, assuming the underwriters do not exercise their option to purchase additional ADSs.

Each ADS represents one Class A ordinary share of the Company. The ADSs will begin trading on the New York Stock Exchange or NYSE today under the ticker symbol "JMEI".

The company noted that it has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1.67 million additional ADSs at $22.00 per ADS.

The company also expects to receive additional gross proceeds of $150.0 million from the issuance of 6,818,182 Class A ordinary shares to General Atlantic Singapore Fund Pte. Ltd. at $22.00 per share through a private placement concurrent with the public offering.

Goldman Sachs (Asia) L.L.C., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, and China Renaissance Securities (Hong Kong) Limited are acting as joint bookrunners, and Piper Jaffray & Co. and Oppenheimer & Co. Inc. are acting as co-managers, for the offering.