国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Chinese used-car trading platform Uxin debuts on Nasdaq

Source: Xinhua| 2018-06-28 01:17:22|Editor: Mu Xuequan
Video PlayerClose

NEW YORK, June 27 (Xinhua) -- Chinese used-car e-commerce platform Uxin Limited started trading on Nasdaq Stock Market on Wednesday.

The company, trading under the ticker symbol of "UXIN", announced its IPO of 25 million American depositary shares (ADSs) at a price to the public of 9.0 U.S. dollars per ADS.

Concurrent with the private placement of 175 million U.S. dollars of convertible bonds, Uxin planned to raise a total of approximately 400 million dollars, assuming the underwriters do not exercise their option to purchase additional ADSs.

Each ADS represents three Class A Ordinary Shares of the Company.

Uxin started trading at 10.40 U.S. dollars per share on Wednesday, climbing 0.67 percent from its pricing, and was traded at 9.06 dollars apiece around midday.

The fund raised will be used mainly to improve Uxin's transaction service capabilities, promote research and development, and fund potential strategic investments and acquisitions, said its prospectus.

The company consists of two major businesses, including 2C used car and 2B auction. They possessed market shares of 41 percent and 42 percent in terms of gross merchandise volume (GMV) in the online 2C and 2B used car markets in China in 2017, respectively, according to third-party research firm iResearch.

Uxin is the largest used car e-commerce platform in China in terms of both the number of transactions facilitated and total GMV in 2017, according to iResearch.

The company's total revenues grew to 298.6 million U.S. dollars in 2017, representing an increase of 136.7 percent from 2016. Its net loss was 420.5 million dollars in 2017, according to its prospectus.

Morgan Stanley & Co.International plc, Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, China International Capital Corporation Hong Kong Securities Limited, and China Renaissance Securities (Hong Kong) Limited are acting as joint bookrunners for the offering.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105091372851811
主站蜘蛛池模板: 云林县| 阿克| 林口县| 苗栗市| 奈曼旗| 忻城县| 乌鲁木齐市| 垦利县| 临漳县| 林芝县| 佛冈县| 凌海市| 海丰县| 湘西| 南安市| 轮台县| 汝城县| 嘉黎县| 凤城市| 五原县| 游戏| 克山县| 济南市| 上饶县| 永川市| 汕尾市| 惠安县| 石嘴山市| 囊谦县| 乌鲁木齐县| 个旧市| 久治县| 水城县| 建始县| 辛集市| 汉川市| 葵青区| 天镇县| 察隅县| 东丽区| 营口市|