Baozun Launches Hong Kong Initial Public Offering
SHANGHAI, China, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Baozun Inc. (Nasdaq: BZUN) (Baozun or the Company), the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, today announced the launch of its Hong Kong public offering (the Hong Kong Public Offering), which forms part of the global offering (the Offering) of 40,000,000 new Class A ordinary shares (the Offer Shares or Shares) and listing of its Class A ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited (Hong Kong Stock Exchange) under the stock code 9991.HK.
- SHANGHAI, China, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Baozun Inc. (Nasdaq: BZUN) (Baozun or the Company), the leading brand e-commerce service partner that helps brands execute their e-commerce strategies in China, today announced the launch of its Hong Kong public offering (the Hong Kong Public Offering), which forms part of the global offering (the Offering) of 40,000,000 new Class A ordinary shares (the Offer Shares or Shares) and listing of its Class A ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited (Hong Kong Stock Exchange) under the stock code 9991.HK.
- The Offering initially comprises4,000,000 new Shares for the Hong Kong Public Offering and 36,000,000 new Shares for the international offering (the International Offering), representing approximately 10.0% and 90.0% of the total number of Shares in the Offering, respectively, subject to re-allocation and over-allotment.
- Subject to the level of any oversubscription in the Hong Kong Public Offering and pursuant to the clawback mechanism as described in the prospectus issued in Hong Kong, the total number of Shares available in the Hong Kong Public Offering could be adjusted to up to a maximum of 20,000,000 new Shares, representing approximately 50% of the Offer Shares initially available in the Offering.
- The Hong Kong Public Offering will commence at 9:00 a.m. on Friday, September 18, 2020 Hong Kong time and will close at 12:00 noon on Wednesday, September 23, 2020 Hong Kong time.