Cape Systems Group, Inc. (YSG) Prices 58.75M ADS IPO at $10.50/ADS
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Yatsen Holding Limited (NYSE: YSG) today announced the pricing of its initial public offering of 58,750,000 American depositary shares ("ADSs"), at US$10.50 per ADS, for a total gross offering size of US$616.9 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents four Class A ordinary shares of the Company. The ADSs are expected to begin trading on the New York Stock Exchange (the "NYSE") today under the ticker symbol "YSG." The offering is expected to close on November 23, 2020, subject to customary closing conditions.
The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 8,812,500 additional ADSs.
Morgan Stanley & Co. LLC, Goldman Sachs (Asia) L.L.C., and China International Capital Corporation Hong Kong Securities Limited are acting as joint bookrunners for this offering. Tiger Brokers (NZ) Limited, China Renaissance Securities (Hong Kong) Limited and Futu Inc. are acting as co-managers for this offering.
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