AutoNavi Holdings (AMAP) IPO Moves Higher

July 1, 2010 12:47 PM EDT Send to a Friend
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The IPO for AutoNavi Holdings Limited (Nasdaq: AMAP) is trading at $14 after pricing 8,625,000 ADSs at $12.50, the high end of the expected $10.50 - $12.50 per ADS range.

Goldman Sachs (Asia) L.L.C. acted as sole bookrunner, and Oppenheimer & Co. Inc. and Pacific Crest Securities LLC acted as co-managers for the offering.

AutoNavi Holdings Limited (Nasdaq: AMAP) is a leading provider of digital map content and navigation and location-based solutions in China.

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