Bookrunners Chardan Capital Markets, Northland Capital Markets assist
By Devika Patel
Knoxville, Tenn., June 27 – Moko Social Media Ltd. priced its $8.25 million initial public offering of American depositary shares with a $1.24 million greenshoe, according to a prospectus filed Friday with the Securities and Exchange Commission.
The company will sell 1.1 million American depositary shares at $7.50 apiece. Each American depositary share represents 40 ordinary shares.
Settlement is expected on July 1.
Chardan Capital Markets and Northland Capital Markets are the joint bookrunners.
Proceeds will be used for general corporate purposes.
The social media company is based in Sydney, Australia. It expects the ADS to trade on the Nasdaq under the symbol “MOKO.”
Issuer: | Moko Social Media Ltd.
|
Issue: | American depositary shares
|
Amount: | $8.25 million
|
Greenshoe: | $1,237,500
|
ADS: | 1.1 million
|
Price: | $7.50
|
Warrants: | No
|
Bookrunners: | Chardan Capital Markets and Northland Capital Markets
|
Pricing date: | June 27
|
Settlement date: | July 1
|
Stock exchange: | Nasdaq: MOKO
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.