The Thunder will be sale 10 million dollars stock to SOHU

July 2.news.The Thunder submit the prospectus modification to US Securities and Exchange Commission(SEC) in today, Plan to issue 7,60 million American Depositary Shares (ADS). Its shares would be priced between $ 14 and $ 16. If Thunder fully exercises their over-allotment options, the Thunder will issue 8, 74 million and the financing will reached 140 million in total. Each ADS is equivalent to three ordinary shares.

The Prospectus also showed that except public issue, Thunder will sales 2 million Class A common shares to the third party SOHU .Based on the calculation of latest price range, the figure is about 10 million dollars.

Comments are closed.