Qunar Announces Offering of American Depositary Shares

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Qunar (QUNR), Silver Lake Announce $500M Investment Round

June 2, 2015 6:01 AM EDT

Qunar (NASDAQ: QUNR) and Silver Lake, the global leader in technology investing, today announced that Silver Lake has led a strategic investment round totaling $500 million in the company in the form of 2% Senior Unsecured Convertible Notes with an initial conversion price of $55 per ADS. Silver Lake has made... More

Qunar (QUNR) Announces 8M ADS Offering

June 2, 2015 5:59 AM EDT

Qunar (NASDAQ: QUNR) announced the commencement of a registered public offering of its American Depositary Shares (the "ADSs"), each representing three Class B ordinary shares, par value US$0.001 per share (the "Ordinary Shares"), by the Company.

The Company is offering an aggregate of 8,000,000 ADSs, representing 24,000,000 Ordinary Shares,... More