iClick Interactive Asia Group (NASDAQ: ICLK), a China-based independent online marketing and enterprise data solutions provider, has released updated information regarding the share quantity and price of its follow-on offering, which was announced earlier this week. The original announcement outlined an offering of up to 7,922,787 American depositary shares (“ADSs”), with two ADSs representing one Class A ordinary share of the company, par value $0.001 per share; those numbers have been upsized to 8,500,001 ADSs with a price increase of $8.50 per ADS. iClick itself is offering 6,877,214 ADSs while shareholder Sumitomo Corporation Equity Asia Limited is offering the remaining 1,622,787 ADSs. Two of iClick’s principal shareholders, Wing Hong Sammy Hsieh and Jian Tang, along with iClick CFO Terence Li have indicated an interest in purchasing $1 million of the ADSs, as outlined in the offering, which is expected to close on Sept. 8, 2020, subject to customary closing conditions.
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About iClick Interactive Asia Group Ltd.
iClick Interactive Asia Group 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.
NOTE TO INVESTORS: The latest news and updates relating to ICLK are available in the company’s newsroom at http://nnw.fm/ICLK
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