NEW YORK, July 8, 2010 (GLOBE NEWSWIRE) -- AutoNavi Holdings Limited ("AutoNavi") (Nasdaq:AMAP), a leading provider of digital map content and navigation and location-based solutions in China, last week became the 145th Chinese company to list on the NASDAQ Stock Market, following its initial public offering of 9,918,750 American depositary shares ("ADSs") at the public offering price of $12.50 per ADS.
"We are glad that AutoNavi chose to list on NASDAQ OMX, the home of innovation and growth," said Bob McCooey, Senior Vice President of New Listings and Capital Markets, NASDAQ OMX.
AutoNavi is the 22nd new Chinese listing and the 8th on NASDAQ in 2010. The company will use the net proceeds from the offering to expand its data processing facilities and build a research and development center, to fund the capital expenditure for its aerial photogrammetry business, and for general corporate purposes. AutoNavi's Chairman Jun Hou and CEO Congwu Cheng rang the closing bell at the NASDAQ MarketSite in New York City's Times Square on July 1st.
There have been eight Chinese IPOs and 10 over-the-counter bulletin board (OTCBB) upgrades and four switches this year. Of the 145 Chinese companies listed on NASDAQ, 123 are from mainland China and 16 are from Hong Kong, with five from Taiwan and one from Macau.
The 145 Chinese listed companies include Baidu, NASDAQ's largest listed company in China and a member of the prestigious NASDAQ-100 Index®, Asia Info, China Insure, China Real Estate Information Corporation, Changyou.com, JA Solar, Shanda Games Limited, Sohu and Sina. Global brand names like Starbucks, Google, Microsoft, Staples, Intel, Amgen, United Airlines, the Chicago Mercantile Exchange, First Solar, Apollo Group and News Corp list on The NASDAQ Stock Market.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/nasdaqomx and Twitter (http://www.twitter.com/nasdaqomx).
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
CONTACT: The NASDAQ OMX Group, Inc. Jolene Libretto 646.441.5220 Jolene.Libretto@nasdaqomx.com
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