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NetworkNewsBreaks – iClick Interactive Asia Group Ltd. (NASDAQ: ICLK) Underwriters Fully Exercise Over-Allotment Option in IPO

Company: iClick Interactive Asia Group Ltd. (ICLK)
Category: Stock Spotlights

iClick Interactive Asia Group (NASDAQ: ICLK), an independent online marketing technology platform in China, recently announced that the underwriters of the company’s initial public offering (“IPO”) have exercised their over-allotment option in full. The additional 562,500 American depositary shares (“ADSs”) purchased per the underwriters option bring the company’s total shares sold in the offering to 4,312,500 ADSs. Two ADSs are equal to one Class A ordinary share. The shares were sold at a price of $8.00 per ADS, resulting in gross proceeds of $34.5 million for iClick. ROTH Capital Partners acted as sole book-runner for the offering.

To view the full press release, visit http://nnw.fm/hLmB0

About iClick Interactive Asia Group Limited

iClick was China’s largest independent online marketing technology platform in China in 2016 in terms of gross billing according to Frost & Sullivan. Built on cutting-edge technologies, iClick’s proprietary platform possesses omni-channel marketing capabilities and fulfills various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. For more information, visit the company’s website at www.i-Click.com.

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