News Column

Shenzhen Thunder Fixes IPO Price, Listing on NASDAQ

June 24, 2014

SHENZHEN, June 24, SinoCast -- Shenzhen Thunder Networking Technologies Ltd. has fixed IPO price of USD 12 per share, financing USD 87.78 million through IPO.

The company will get listed on NASDAQ today under the ticker symbol of XNET, planning to offer 7.315 million ADS. Underwriters have over-allotment options for at most 1.097 million ADS.

In 2011, Shenzhen Thunder harvested net operating revenue of USD 81.9 million. The figures were USD 141 million in 2012, USD 175 million in 2013 and USD 40 million in the first quarter of 2014.

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Source: Sinocast Internet, Media & Online Services Beat (China)

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