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Moko Social to conduct public offering of American Depositary Shares
Bookrunner Aegis Capital will help finance general corporate purposes
By Devika Patel
Knoxville, Tenn., Oct. 23 – Moko Social Media Ltd. will price a public offering of American Depositary Shares with a 45-day greenshoe, according to a preliminary prospectus supplement filed Friday with the Securities and Exchange Commission.
The company will sell 1.1 million ADS at $7.50 apiece. Each ADS represents 40 ordinary shares.
Settlement is expected in November.
Aegis Capital Corp. is the bookrunner.
Proceeds will be used for general corporate purposes.
The social media company is based in Sydney, Australia.
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