Autohome Prices 7.82M ADS Offering at $17.00/ADS
Autohome (NYSE: ATHM) announced Tuesday that it has priced its initial public offering of 7,820,000 American Depositary Shares ("ADSs") at US$17.00 per ADS. Each ADS represents one Class A ordinary share of the Company. The ADSs are expected to begin trading on the New York Stock Exchange ("NYSE") on December 11, 2013 under the ticker symbol "ATHM."
The total offering size will be US$132.94 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The underwriters have been granted an option to purchase up to an aggregate of 1,173,000 additional ADSs at the initial public offering price to cover over-allotments, exercisable within 30 days from the date of the final prospectus.