500 lottery network announced PO pricing range ADS per share of 9 to 11

Beijing time on November 9th morning news, 500 lottery network (500.com) updated prospectus on Friday announced the IPO (initial public offering) pricing. 500 lottery network, said the company will be ADS per share (American Depositary Shares) $9 to $11 price for the sale of 5 million 786 thousand shares of ADS, ADS shares of common stock of. According to this price range, 500 lottery network will raise up to $63 million 646 thousand through the IPO.

500 lottery network in October to the U.S. Securities and Exchange Commission (SEC) submitted IPO (initial public offering) documents. Documents show that 500 lottery network plans to raise up to $150 million of funds to be located on the New York Stock Exchange (NYSE), the stock code is WBAI".

IPO documents show that 500 lottery net revenues for fiscal year 2012 was $172 million in fiscal year 2011 was $232 million in fiscal year 2010 was $157 million. 500 lottery net profit for fiscal year 2012 was $4 million 240 thousand in fiscal year 2011 was $13 million 560 thousand in fiscal year 2010 was $38 million 290 thousand. The first three quarters of fiscal year 2013, net profit of $500 lottery net was $20 million 600 thousand, compared to $10 million 460 thousand last year.

in the 500 lottery network directors and executives, Man San Law holds about 54 million 300 thousand shares, the shareholding ratio of 23.7%; Qi Li holds about 30 million 800 thousand shares, the shareholding ratio of 13.2%; Jiepin Fu holds about 23 million 900 thousand shares, the shareholding ratio of 10.4%; Ying Zou held 4 million shares, the shareholding ratio of 1.7%.

selling shareholders, Clear Treasure Group holds about 23 million 900 thousand shares, the shareholding ratio of 10.4%; Delite holds about 28 million 400 thousand shares, the shareholding ratio of 12.4%; Brothers Union International holds about 25 million 800 thousand shares, the shareholding ratio of 11.3%; Smart Mega Holding holds about 25 million 300 thousand shares, the shareholding ratio of 11%; HWL Partners holds about 14 million 600 thousand shares, the shareholding ratio of 6.4%; Vivoland holds about 16 million 100 thousand shares, the shareholding ratio of 7%.

Deuthe Bank Securities Inc and American investment firm Piper Jaffray will serve as the 500 lottery network underwriter of IPO transactions. (Li Lin)

read: the United States listed 500 lottery network: Luo Zhaohang on 0.5%GDP cake 500 lottery online before the shareholders "reshuffle": behind the giant or for 5 million listed qualification: Internet lottery lottery network name 500 intends to submit a prospectus financing 1.5 yuan to SEC

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