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500.com (WBAI) IPO Surges Higher

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500.com (WBAI) Prices 5.8M IPO at $13/ADS

November 22, 2013 8:29 AM EST

500.com Limited (NYSE: WBAI) announced that it has priced its initial public offering of 5,786,000 American Depositary Shares ("ADSs"), each representing ten Class A ordinary shares of the Company, at US$13.00 per ADS for a total offering size of US$75.2 million, assuming the underwriters do... More