YY, Inc. IPO Info
Company Name: YY, Inc.
Stock Symbol: YY
Exchange: NASDAQ
Status: Priced
IPO Date: 11/21/2012
IPO Price:
10.50 (
35.43%)
Underwriters
Morgan Stanley, Deutsche Bank Securities, Citigroup, Pacific Crest Securities, Piper Jaffray
Amount of Offering: N/A
Number of Shares Offered: 7.8 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
YY is a rich communication social platform that engages users in real-time online group activities through voice, text and video.
Financial Data
Select financial info from the F-1: "We have achieved significant growth in recent years. Our total net revenues increased from RMB32.7 million in 2009 to RMB128.3 million in 2010 and to RMB319.7 million (US$50.8 million) in 2011, representing a CAGR of 212.6% from 2009 to 2011. For the six months ended June 30, 2012, our total net revenues grew to RMB324.5 million (US$51.1 million), representing a 173.2% increase from RMB118.8 million for the six months ended June 30, 2011. We had a net loss of RMB47.1 million, RMB238.9 million and RMB83.2 million (US$13.2 million) in 2009, 2010 and 2011, respectively, and in the six months ended June 30, 2012, we had a net income of RMB20.8 million (US$3.3 million). Our adjusted net loss, a non-GAAP measure, decreased from RMB10.6 million in 2009 to RMB1.9 million in 2010, and in 2011, we had an adjusted net income of RMB51.8 million (US$8.2 million). In the six months ended June 30, 2012, our adjusted net income amounted to RMB75.1 million (US$11.8 million) compared to an adjusted net loss of RMB3.3 million in the same period in 2011. Our adjusted net (loss) income excludes non-cash share-based compensation expenses."
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