WoWo (WOWO) IPO Opens Up 10%

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WoWo Ltd. Announces Pricing of Initial Public Offering

April 8, 2015 8:01 AM EDT

BEIJING, April 8, 2015 (GLOBE NEWSWIRE) -- WoWo Ltd. ("WoWo" or the "Company") (Nasdaq: WOWO), a leading e-commerce platform serving local lifestyle services merchants and consumers in China, today announced that its initial public offering of 4,000,000 American depositary shares ("ADSs"), each representing 18 ordinary shares of the Company, was priced at $10 per ADS. The ADSs are expected to begin trading on the NASDAQ Global Market today under the ticker symbol "WOWO."

In addition, WoWo granted the underwriters a 30-day option to purchase up to an additional 600,000 ADSs. All of the 4,000,000 ADSs in the offering are... More