Jun 14, 2021 10:49 AM (GMT+8) · EqualOcean
The company plans to issue 16.233 million American Depository shares (ads) at a price range of US $13-15 per ads, according to the updated prospectus. At the same time, wanwansheng endows Underwriters with 2.435 million ads over allotment rights. Together with the number of over allotment issued shares, its fund-raising scale can reach up to US $280 million, and its IPO valuation range is about US $3.45 billion to US $3.98 billion. Wanwansheng is expected to be officially listed on the New York Stock Exchange on June 18, and will become "the first share of China capital stock ESG" after the successful listing.