iClick Interactive Asia Group (NASDAQ: ICLK), a China-based independent online marketing and enterprise data solutions provider, has closed its follow-on offering of 8,500,001 American depositary shares (“ADSs”). The offering constituted two ADSs representing one Class A ordinary share of the company, par value $0.001 per share. iClick itself sold 6,877,214 ADSs while 1,622,787 ADSs were sold by selling shareholder Sumitomo Corporation Equity Asia Limited. In line with the offering agreement, iClick will not receive any proceeds from the sale of ADSs by Sumitomo Corp. Three company executives — Wing Hong Sammy Hsieh and Jian Tang, iClick co-founders, and CFO Terence Li —purchased a total of 117,646 ADSs at the public offering price. Under the agreement, underwriters have a 30-day option to purchase an additional 15% of the total ADSs sold.
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About iClick Interactive Asia Group Ltd.
iClick is an independent online marketing and enterprise data-solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, iClick’s proprietary platform possesses omni-channel marketing capabilities and fulfils various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and is currently operating in 10 locations worldwide, including Asia and Europe. For more information, please visit ir.i-Click.com.
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