NOAH - Noah prices global offering
- Noah ( NYSE: NOAH ) prices the global offering of an aggregate of 1.1M Class A ordinary shares of the company.
- The global offering comprises of an international offering and a Hong Kong public offering.
- The final offer price for both the international offering and the Hong Kong public offering has been set as HK$292.00 per offer share.
- The offer price translates to ~$18.60 per ADS based on an exchange rate of HK$7.8498 to US$1.00 as of June 17, 2022.
- Offering expected to begin trading on the main board of the Hong Kong Stock Exchange on Wednesday, July 13, 2022; and global offering expected to close on same day.
- Net proceeds to be deployed for further developing its wealth management business, for further developing its asset management business, for selectively pursuing potential investments, for investing in its in-house technology across all business lines, for overseas expansion, and for general corporate purposes.
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Noah prices global offering