Bitauto Prices 2.749M ADS Offering at $30.00/ADS

Bitauto Holdings

today announced the follow-on public offering of an aggregate of 2,749,200 American Depositary Shares ("ADSs") by the Company and a selling shareholder was priced at US$30.00 per ADS. The Company will be offering 1,264,855 ADSs and the selling shareholder will be offering 1,484,345 ADSs. Each ADS represents one ordinary share of the Company. In connection with this offering, the Company has granted the underwriters a 30-day overallotment option to purchase up to an aggregate of 410,800 additional ADSs from the Company at the public offering price of US$30.00 per ADS. The proceeds to the Company, after deducting underwriting discounts and commissions, will be approximately US$36.1 million, or US$47.9 million if the underwriters exercise their overallotment option in full. Bitauto will not receive any proceeds from the sale of the ADSs by the selling shareholder. The underwriters of the offering are Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. International plc, and Citigroup Global Markets Inc. A registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange