The Chinese company, which delivers independent and interactive content to automobile buyers and owners, will issue and sell 1.65 million of its own ADS. The selling shareholders will sell an aggregate of 6.85 million ADS.
The gross proceeds to the company will be approximately $70.1 million, and the gross proceeds to the selling shareholders will be approximately $291.1 million.
Approximately 2.98 million shares have already changed hands compared to the average of 1 million by 1:51 p.m. in afternoon trading on Thursday.
ATHM data by YCharts