BEIJING, December 11, 2013 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced that it has priced its initial public offering of 7,820,000 American Depositary Shares ("ADSs") at US$17.00 per ADS. Each ADS represents one Class A ordinary share of the Company. The ADSs are expected to begin trading on the New York Stock Exchange ("NYSE") on December 11, 2013 under the ticker symbol "ATHM."
The total offering size will be US$132.94 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The underwriters have been granted an option to purchase up to an aggregate of 1,173,000 additional ADSs at the initial public offering price to cover over-allotments, exercisable within 30 days from the date of the final prospectus.
Deutsche Bank Securities Inc. ("Deutsche Bank") and Goldman Sachs (Asia) L.L.C. ("Goldman Sachs") acted as joint bookrunners and Oppenheimer & Co. Inc. and Piper Jaffray & Co. acted as co-managers for the offering.*
Autohome's registration statement relating to the initial public offering has been filed with, and declared effective by, the United States Securities and Exchange Commission ("SEC"). This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Deutsche Bank, Attn: Prospectus Department, 60 Wall Street New York, NY 10005, United States, by email at prospectus.cpdg@db.com, or by phone at 1-800-503-4611; or Goldman Sachs, Attn: Prospectus Department, 200 West Street, New York, New York 10004, by email at prospectus-ny@ny.email.gs.com, or by phone at 212-902-1171.
* Note that the joint bookrunners are listed in alphabetical order.
About Autohome Inc.
Autohome Inc. (NYSE: ATHM) is the leading online destination for automobile consumers in China. Through its two websites, autohome.com.cn and che168.com, the Company provides comprehensive, independent and interactive content to automobile buyers and owners. Autohome.com.cn ranked first among China's automotive websites and automotive channels of internet portals in terms of average daily unique visitors, average daily time spent per user and average daily page views in the first nine months of 2013, according to iResearch, a third-party research firm. The Company's ability to reach a large and engaged user base of automobile consumers has made Autohome the preferred platform for automakers and dealers to conduct their advertising campaigns. Automakers typically utilize its online advertising services for brand promotion, new model releases and sales promotions. Its dealer subscription services allow dealers to market their inventory and services through Autohome's websites, extending the reach of their physical showrooms to potentially millions of internet users in China. For further information, please visit www.autohome.com.cn.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates" and similar statements. Among other things, Autohome's business outlook and its expectations concerning the commencement of trading of its ADSs on the NYSE and its ability to complete the initial public offering in this press release, as well as Autohome's strategic and operational plans, contain forward-looking statements. Autohome may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Autohome's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Autohome's goals and strategies; Autohome's future business development, results of operations and financial condition; the expected growth of the online automobile advertising market in China; Autohome's ability to attract and retain users and advertisers and further enhance its brand recognition; Autohome's expectations regarding demand for and market acceptance of its products and services; competition in the online automobile advertising industry; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Autohome's filings with the SEC. All information provided in this press release is as of the date of this press release, and Autohome does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
Gary Chin
Director of Investor Relations
Autohome Inc.
Tel: +86-10-5985-7856
Email: ir@autohome.com.cn
Martin Reidy
FTI Consulting, Inc.
Tel: +86-10-8591-1060
Email: martin.reidy@fticonsulting.com
