BEIJING, Sept. 22, 2017 (GLOBE NEWSWIRE) -- Secoo Holding Limited (“Secoo” or the “Company”) (NASDAQ:SECO), Asia's largest online integrated upscale products and services platform, today announced the pricing of its initial public offering of 8,500,000 American depositary shares (“ADSs”) at a price to the public of US$13.00 per ADS for a total offering size of approximately US$110.50 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each two ADSs represent one Class A ordinary share. The ADSs are expected to begin trading on the NASDAQ Global Market today under the symbol “SECO”.
The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1,275,000 additional ADSs to cover over-allotments.
Jefferies LLC and BNP Paribas Securities Corp. are acting as joint bookrunners for the offering.
A registration statement related to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or 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 is being made only by means of a prospectus. When available, copies of the final prospectus relating to the offering may be obtained by contacting Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 547-6340 or by email at firstname.lastname@example.org; or BNP Paribas Securities Corp. by telephone at +1-888-860-5378 or by emailing email@example.com.
About Secoo Holding Limited
Secoo Holding Limited (“Secoo”) is Asia’s largest online integrated upscale products and services platform as measured by GMV in 2016. Secoo provides customers a wide selection of authentic upscale products and lifestyle services on the Company’s integrated online and offline shopping platform which consists of the Secoo.com website, mobile applications and offline experience centers, offering over 300,000 SKUs, covering over 3,000 global and domestic brands. Supported by the Company’s proprietary database of upscale products, authentication procedures and brand cooperation, Secoo is able to ensure the authenticity and quality of every product offered on its platform.
For more information, please visit ir.secoo.com
For investor and media inquiries, please contact:
Secoo Holding Limited
Tel: +86 10 6588-0135
The Piacente Group, Inc.
Tel: +86 (10) 5730-6200
In the United States:
The Piacente Group, Inc.
Source:Secoo Holdings Limited