Leju Holdings Prices IPO Of 10 Mln ADSs At $10/ADS - Quick Facts

(RTTNews) - Leju Holdings Ltd. (LEJU), an online-to-offline real estate services provider in China, has priced its initial public offering of 10.0 million American depositary shares or ADSs, each representing one ordinary share of the company, at $10.00 per ADS. The ADSs would start trading on the New York Stock Exchange on April 17, 2014 under the ticker symbol "LEJU."

All of the 10.0 million ADSs are offered by Leju, and the underwriters were granted a 30-day over-allotment option to buy up to an additional 1.50 million ADSs from Leju.

The firm hopes to receive $100.0 million gross proceeds from the offering at the time of completion, assuming the underwriters do not exercise their option to buy additional ADSs, and additional gross proceeds of some $20.3 million from the issuance of 2.03 million ordinary shares to Tencent at $10.00 per share in a private placement concurrent with the closing of the offering.

Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, China Renaissance Securities (Hong Kong) Ltd., Macquarie Capital (USA) Inc. and China Merchants Securities (HK) Co., Ltd. acted as joint book runners for the offering.