BEST Inc. (BSTI) IPO Opens 15% Higher
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BEST Inc. Announces Pricing of Initial Public Offering
September 19, 2017 11:24 PM EDTHANGZHOU, China, Sept. 19, 2017 /PRNewswire/ -- BEST Inc. ("BEST") (NYSE: BSTI), a leading and fastest-growing Smart Supply Chain service provider in China, announced today that it has priced its initial public offering of 45,000,000 American Depositary Shares ("ADSs"), each representing one of its Class A ordinary shares, at US$10.00 per ADS for a total base offering size of US$450 million. In addition, BEST and certain selling shareholders have granted the underwriters the right to purchase up to an additional 6,750,000 ADSs to cover over-allotments.
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