Orchid Asia-backed Autohome sets terms for $126m US IPO
Autohome, a Chinese online automobile marketplace in which Orchid Asia is an investor, plans to raise up to $125.9 million through an IPO on the New York Stock Exchange. The private equity firm will not be exiting any shares through the offering.
According to a regulatory filing, Autohome will sell as many as 8.99 million American Depository Shares (ADS) at $12-14 apiece. The proceeds will be used for product development, expanding sales and marketing...
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