China-Based Online Auto Trader Autohome (ATHM) Files for $120M IPO

November 5, 2013 10:19 AM EST Send to a Friend
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Autohome Inc. (NYSE: ATHM) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $120 million. The company plans to list on the New York Stock Exchange under the symbol, ATHM.

The offering is being made via Deutsche Bank Securities and Goldman Sachs (Asia) L.L.C.

Brief financial summary from the company: Our net revenues increased from RMB252.9 million in 2010 to RMB433.2 million in 2011 and RMB732.5 million (US$119.7 million) in 2012, representing a compound annual growth rate, or CAGR, of 70.2%. Our total net revenues grew to RMB830.6 million (US$135.7 million) for the nine months ended September 30, 2013, representing a 62.6% increase from RMB510.8 million in the same period in 2012. Our income from continuing operations increased from RMB80.4 million in 2010 to RMB135.4 million in 2011 and RMB212.9 million (US$34.8 million) in 2012, representing a CAGR of 62.7%. Our net income amounted to RMB333.5 million (US$54.5 million) for the nine months ended September 30, 2013, representing a 96.7% increase from RMB169.6 million in the same period in 2012.

Autohome is leading online destination for automobile consumers in China.


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