BEIJING, July 08, 2020 (GLOBE NEWSWIRE) — BlueCity Holdings Restricted (“BlueCity” or the “Company”) (NASDAQ: BLCT), a world’s main on-line LGBTQ platform, right now introduced the pricing of its preliminary public providing of 5,300,000 American Depositary Shares (ADSs) at US$16.00 per ADS. Every two ADSs signify one Class A odd share of the Firm. The ADSs are anticipated to start buying and selling on the Nasdaq International Market right now beneath the ticker image “BLCT.”
The Firm has granted the underwriters an choice to buy as much as an combination of 795,000 extra ADSs on the public providing price. The entire gross proceeds of the providing are anticipated to be roughly US$84.eight million if the underwriters don’t train their over-allotment possibility, and roughly US$97.5 million if the underwriter train their over-allotment possibility in full.
AMTD International Markets Restricted, Loop Capital Markets LLC, Tiger Brokers (NZ) Restricted, Prime Quantity Capital LLC and R. F. Lafferty & Co., Inc. are appearing as bookrunners of this providing.
A registration assertion regarding the providing has been filed with, and declared efficient by, the U.S. Securities and Change Fee (the “SEC”). The providing of the securities is being made solely by the use of a prospectus forming part of the efficient registration assertion. A replica of the ultimate prospectus regarding the providing may be obtained, when accessible, by contacting the next underwriters:
AMTD International Markets Restricted
Consideration: Funding Banking Division
Handle: 23/F – 25/F Nexxus Constructing, 41 Connaught Street Central, Hong Kong
Loop Capital Markets LLC
Consideration: Fairness Capital Markets
Handle: 111 W. Jackson Boulevard, Suite 1901, Chicago, Illinois 60604
Telephone: +1 312-913-4900
Tiger Brokers (NZ) Restricted
Consideration: Vincent Cheung
Handle: Stage 16, 191 Queen Street, Auckland Central, New Zealand, 1010
Telephone: +64 93-938-128
Prime Quantity Capital LLC
Consideration: Xiaoyan Jiang
Handle: 14 Myrtle Drive, Nice Neck, NY 11021
Telephone: +1 347-329-1575
R. F. Lafferty & Co., Inc.
Consideration: John Heidenreich
Handle: 40 Wall Street, 19th Ground, New York, NY 10005
Telephone: +1 212-293-9015
This press launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase the securities described herein, nor shall there be any sale of those securities in any state or jurisdiction during which such a proposal, solicitation or sale could be illegal previous to registration or qualification beneath the securities legal guidelines of any such state or jurisdiction.
BlueCity is a world’s main on-line LGBTQ platform, offering a full suite of providers aimed toward empowering the LGBTQ group in each facet of their each day lives. As a central hub of BlueCity’s providers and platforms, the Blued cell app permits our customers to attach with one another, categorical themselves, and entry skilled well being associated providers and household planning consulting providers at their fingertips. Blued has related greater than 49 million registered customers as of March 31, 2020 worldwide and has a number one foothold in lots of markets.
For extra info, please contact:
BlueCity Holdings Restricted
Ms. Lingling Kong
Investor Relations Director
Telephone: +86 10-5876-9662
The Blueshirt Group
Ms. Susie Wang
Telephone: +86 138-1081-7475
In the USA:
The Blueshirt Group
Ms. Julia Qian
Telephone: +1 973-619-3227