Company News: Page (1) of 1 - 08/07/14 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook

iDreamSky Announces Pricing of Initial Public Offering

(August 07, 2014)

SHENZHEN, China, Aug. 7, 2014 (GLOBE NEWSWIRE) -- iDreamSky Technology Limited (Nasdaq:DSKY) ("iDreamSky" or the "Company"), China's largest independent mobile game publishing platform, today announced that it has priced its initial public offering of 7,700,000 American depositary shares ("ADSs") at US$15.00 per ADS, above the preliminary US$12.00 to US$14.00 price range, for a total offering size of approximately US$115.5 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents four Class A ordinary shares of the Company. The ADSs will begin trading on the NASDAQ Global Select Market today under the ticker symbol "DSKY."



The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1,155,000 additional ADSs at US$15.00 per ADS.



J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, and Stifel Nicolaus & Company, Incorporated are acting as joint bookrunners for the offering.


Concurrently with, and subject to, the completion of its initial public offering, the Company will close private placements with THL A19 Limited, Cheetah Mobile Inc. and LINE Corporation at an aggregate investment amount of US$26.0 million.




iDreamSky's registration statement relating to the 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 the securities described herein, 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 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 offering may be obtained by contacting J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 1-866-803-9204; or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, Eleven Madison Avenue, 1B, New York, NY 10010, telephone: 1-800-221-1037 or email:newyork.prospectus@credit-suisse.com.



About iDreamSky Technology Limited



iDreamSky (Nasdaq:DSKY) is the largest independent mobile game publishing platform in China based on the number of active users in 2013, according to a report from Analysys International. The Company's mission is to enrich mobile users' lifestyle and deliver fun and engaging mobile games and entertainment to users. iDreamSky has redefined the role of a game publisher by redesigning and optimizing third-party games and delivering them to users through its proprietary distribution channels, which include in-game cross promotions and its self-operated iDreamSky Game Center and ww.uu.cc, and third-party channels, such as app stores and device pre-installations, as part of its broader publishing solution. Well-known international mobile game developers choose to partner with iDreamSky because of its sophisticated game publishing and operation capabilities, successful track record and market reputation. 



For more information, please visit http://ir.idreamsky.com


CONTACT: For investor and media inquiries, please contact:

iDreamSky Technology Limited
ir@idreamsky.com

Christensen
In China
Mr. Christian Arnell
Phone: +86-10- 5900-1548
E-mail: carnell@christensenir.com

In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com

Page: 1


Related Keywords: TELECOMMUNICATIONSGame Development, Marketing/Distribution, Internet/Web, Internet, USA, China, Inc., Lifestyle, Internet Technology, Game Technology, Entertainment, Internet, china,


DMO TEXT LINKS
(Click here to place a textlink on this site)

Get 10 days of free unlimited access to lynda.com.
What do you want to learn today? Online video tutorials to help you learn software, creative, and business skills.
Click Here!


32 GB USB
Galaxy Note 4 White Smartphone - Sprint (2.7 GHz Quad-Core Processor, 3GB RAM, 32 GB Internal Storage, Android 4.4, 4G, 16 MP Camera)
By Samsung, start from $ 720.00
Galaxy Note 4 White Smartphone - AT&T (2.7 GHz Quad-Core Processor, 3GB RAM, 32 GB Internal Storage, Android 4.4, 4G, 16 MP Camera)
By Samsung, start from $ 825.99
Galaxy Note 4 32 GB Black Smartphone - AT&T (2.7 GHz Quad-Core Processor, 3 GB RAM, 32 GB Internal Storage, microSD Card Slot, Android 4.4, 4G, 16 MP Camera)
By Samsung, start from $ 825.99
iPhone 5s 32 GB Silver Smartphone - Verizon (1.3 GHz Dual-Core Processor, 1 GB RAM, 16 GB Internal Storage, iOS 7, 8 MP Camera)
By Apple, start from $ 149.99
Galaxy Note 3 pink Smartphone - Unlocked (2.3 GHz Quad-Core Processor, 3 GB RAM, 32 GB Internal Storage, microSD Slot, Android 4.3, 4G, 13 MP Camera)
By Samsung, start from $ 528.99
Galaxy Note 4 Black Smartphone - Verizon (2.7 GHz Quad-Core Processor, 3 GB RAM, 32 GB Internal Storage, Android 4.4, 4G, 16 MP Camera)
By Samsung, start from $ 149.99
HOT THREADS on DMN Forums
Content-type: text/html  Rss  Add to Google Reader or
Homepage    Add to My AOL  Add to Excite MIX  Subscribe in
NewsGator Online 
Real-Time - what users are saying - Right Now!

@ Copyright, 2014 Digital Media Online, All Rights Reserved