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.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: WUBA

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