58.com prices IPO above upwardly revised range at $17, raising $187 million


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58.com, a leading online classifieds marketplace serving local merchants and consumers in China, raised $187 million by offering 11 million ADSs at $17, above the upwardly revised range of $15 to $16. The company had originally outlined a range of $13 to $15. 58.com, which initially filed confidentially on 7/30/2013, plans to list on the NYSE under the symbol "WUBA". Morgan Stanley, Credit Suisse and Citi acted as lead managers on the deal.

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This article appears in: News Headlines , IPOs

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