China Network Software officially NASDAQ financing $57 million 600 thousand

Admin5 station network August 7th news August 6th 10:15 EDT (Beijing time at 22:15 on August 6th), software announced Nasdaq, IPO issue price per American depositary receipts of $12, $57 million 600 thousand financing. Investment bank Lazard Capital Markets and JMP securities are the joint underwriters of the IPO.

CDC software will issue 4 million 800 thousand shares of ADS shares, ADS per share on behalf of CDC software, a total of 1 shares of class a common stock of $. CDC software ADS shares will be traded on NASDAQ on August 6th. CDC software will sell 4 million shares of ADS shares, while the shareholders of the company, the parent company CDC software international will sell the remaining 800 thousand shares of ADS shares. CDC software plans to IPO net income for general corporate purposes, such as expanding sales channels, working capital financing, research and development, as well as possible mergers and acquisitions, etc..

is a wholly owned subsidiary of NASDAQ listed China Investment Group Co., Ltd., whose core business is to provide industry specific applications and business services to a wide range of companies around the world.