Unfamiliar Street successfully landed NASDAQ Ali book return of 550 million

[Abstract] Alibaba holds a 20.7% stake in unfamiliar street. In this way, Alibaba’s book return of $550 million.

Tencent science and technology news on December 11th, the domestic mobile social networking site on the NASDAQ listed on the NASDAQ Exchange, the opening price of $14.25, an increase of 5.6% compared to the issue price, market capitalization of $2 billion 657 million.

Alibaba holds 20.7% stake in unfamiliar street. In this way, Alibaba’s book return of $550 million.

in the IPO, unfamiliar street founder Tang Yan holds 26.3% stake in the company and the right to vote of 78%. IPO ago, Tang Yan is the largest shareholder of unfamiliar street, accounting for 39.8%.

in accordance with the provisions of the provisions of the private sale of the prospectus, Alibaba and 58 city will be purchased from unfamiliar street value of $50 million and $10 million class a shares.

unfamiliar street in November 8 to the U.S. Securities and Exchange Commission filed a prospectus to start listing in the United states. At the end of November, unfamiliar street to determine the IPO price range of $12.50 to $14.50, planned public offering of 16 million shares of American Depositary Shares (ADS). Unfamiliar Street stock underwriters Morgan STANLEY, JP Morgan, Credit Suisse and China Huaxing capital etc..

street was founded in 2011, the first 9 months of this year, registered users reached 180 million 300 thousand people, monthly active users reached 60 million 200 thousand people, the average daily active users of more than doubled over the same period last year, 25 million 500 thousand. Unfamiliar Street, said its 9 month income of $26 million 200 thousand, of which $68.1% or $17 million 900 thousand from membership fees.

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