Sungy Mobile Prices IPO At $11.22/ADS, Within Estimated $9.50 - $11.50/ADS Range

(RTTNews) - Sungy Mobile Limited (GOMO), a provider of mobile internet products and services globally with a focus on applications and mobile platform development, announced Friday that it has priced its initial public offering of 7.00 million American depositary shares or "ADSs", with each ADS representing six Class A ordinary shares of the Company, at $11.22 per ADS, with a total offering size of $78.54 million, assuming the underwriters do not exercise their over-allotment option to purchase additional ADSs.

According to recent regulatory filings, the company expected to price its initial public offering between $9.50 and $11.50 per ADS.

The company said ADSs will begin trading on the NASDAQ Global Market on November 22, 2013 under the symbol "GOMO."

As part of the initial public offering, the company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an additional 1.05 million ADSs at the initial public offering price to cover over-allotments, if any.