Baozun Prices IPO Of 11 Mln ADSs At $10 Per ADS - Quick Facts

(RTTNews) - Baozun Inc. (BZUN), an e-commerce solutions provider in China, announced Thursday that it has priced its initial public offering of 11 million American depositary shares or ADSs at $10 per ADS for a total offering size of $110 million.

The company assumes the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents three Class A ordinary shares of the Company. The ADSs will begin trading on the NASDAQ Global Select Market today under the ticker symbol 'BZUN'.

The company said it has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1.65 million additional ADSs.

In the offering, Morgan Stanley & Co. International plc, Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are acting as joint bookrunners.