Sungy Mobile Announces Pricing of Initial Public Offering on NASDAQ

BEIJING, Nov. 22, 2013 (GLOBE NEWSWIRE) -- Sungy Mobile Limited (Nasdaq:GOMO) ("Sungy Mobile" or the "Company"), a leading provider of mobile internet products and services globally with a focus on applications and mobile platform development, today announced that it has priced its initial public offering of 7,000,000 American depositary shares ("ADSs"), with each ADS representing six Class A ordinary shares of the Company, at US$11.22 per ADS, with a total offering size of US$78.54 million, assuming the underwriters do not exercise their over-allotment option to purchase additional ADSs. The ADSs will begin trading on the NASDAQ Global Market on November 22, 2013 under the symbol "GOMO."

As part of the initial public offering, the Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an additional 1,050,000 ADSs at the initial public offering price to cover over-allotments, if any.

Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC acted as the joint bookrunners, and China Renaissance Securities (Hong Kong) Limited and Oppenheimer & Co. Inc. acted as the co-managers for the initial public offering.

Sungy Mobile's registration statement relating to the initial public offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the initial public offering may be obtained by contacting Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue, New York, NY 10010, United States, or by calling 1-800-221-1037; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, United States, or by calling +1-866-803-9204.

About Sungy Mobile Limited

Sungy Mobile Limited is a leading provider of mobile internet products and services globally with a focus on applications and mobile platform development. Sungy Mobile's platform product, GO Launcher EX, manages apps, widgets and functions on Android smartphones and serves as users' first entry point to their phones; it is the mobile access point from which many Android users are able to find new and innovative ways to customize their experience, download apps and interact with their mobile devices every day.

CONTACT: Investor Relations Contact: ICR, LLC Jeremy Peruski Tel: +1-646-417-5388 Email: IR@sungymobile.comSource:Sungy Mobile Limited