Tour listed on the new cases, hand to make the game tonight the nasdaq IPO


(wen xuan/day)

happy funny game parent and dream of heaven and earth (iDreamSky) tonight will be listed on the nasdaq, the stock code for “DSKY”, if the price range of $12 to 14 caps, quasi finance up to $123.97 million. This is also the touch technology u.s.-listed when plans after the first game company landed in U.S. stocks.

funny games headquarters is located in shenzhen, was founded in 2009, is one of the China mobile game distribution platform, will be “temple run”, “fruit ninja” and “the gingerbread man cool run” international game products into Chinese market, currently has more than 1 million monthly active users.

since early July 4, the dream of heaven and earth has filed with the SEC the IPO prospectus and update files. , according to the prospectus will issue 7.7 million American depositary shares (ADS), equivalent to 30.8 million shares of class A common stock. In addition, the company will be awarded to the underwriters 1.155 million adss greenshoe option. If underwriters exercise greenshoe option, a dream of heaven and earth in IPO will issue 8.855 million adss. Raise up to $124 million plan, which had the highest raised $115 million. Proceeds will be used to purchase game authorization as well as other intellectual property rights related to mobile phone games, acquisitions and general corporate purposes.

after the IPO, management equity ratio will be reduced from 50.6% to 50.6%, but the right to vote will amount to 58.5%. Institutional shareholders, Dream Data Services Limited stake from 21.9% to 21.9%; THL A19 stake from 26.6% to 26.6%; LC Fund stake from 20.4% to 15.8%. Red dot venture stake from 16.6% to 16.6%; DT01 Holding International Limited stake from 5.6% to 4.3%.

the prospectus shows that as of March 31, 2014, to make the game has 472.7 million registered users, the number of monthly active users an average of 98.3 million people. On 31 March 2014 in the first quarter, the company’s total revenue of RMB 174.1 million ($28 million), compared with the first quarter of 2013 to 22.1 million yuan; Adjusted net income of 33.3 million yuan ($5.4 million), compared with 2013 in the first quarter of the adjusted net loss of 500000 yuan.

papers also showed that funny game IPO, tencent’s THL A19, cheetah mobile company and Japan Line will subscribe for $15 million, $8 million and $3 million respectively of class A common stock, subscription price will be subject to IPO price convert to common stock prices (per ADS in ordinary shares).