Shenzhen USB Maker Netac to Begin Online Roadshow

ChinaByte, 12/22/09

Shenzhen-based USB solutions developer and supplier Netac Technology has announced that its initial public offering of no more than 16.8 mln shares of RMB-denominated common shares (A-shares) has been approved by the China Securities Regulatory Commission (CSRC), and that it will hold an online roadshow for the offering on the Shenzhen ChiNext board between 2 and 7pm on December 23.

The IPO combines both offline issuance to selected institutional investors at an inquiry price and a public fixed price online offering. The offline offering is 3.36 mln shares, or 20% of the total IPO. The online offering will consist of the total offering less the final number of shares issued offline.

Editor's Note: For more background on this topic, please see "Shenzhen USB Maker Netac to IPO" MD 12/08/09 issue.

Keywords: ChiNext hardware IPO Netac USB A-share

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