5 months, rice network yesterday (May 18) night submitted to the New York Stock Exchange listing applications, plans up to $ 100 million in financing, stock code: “ TAOM”。 Switzerland Credit Suisse and Deutsche Bank as the underwriter of the IPO, rice network has not been disclosed in the prospectus IPO issue price.
the company's IPO prospectus disclosure displayed, rice net net revenues of US $ 35.97 million last year, including online business revenues of US $ 33.68 million, offline business income is US $ 2.29 million; 2010 net income of US $ 21.1 million.
in terms of equity structure, angel investors, Chairman of the rice Board Zeng Liqing holding 23.5%, for rice network's largest individual shareholder, Qiming Venture Partners JP.Gan 21.7%; co-founder and CEO Wang Hai soldiers holding 16.5%.
according to the prospectus shows that rice due to 27.33 million the number of active users in the first quarter of this year, including active paying subscribers to 2.74 million, ARPU value of us $ 4.6 per capita.
main rice network operation and its development of the Moore Manor, of the saier, and a series of children's virtual community and its derivatives business under the line. Current CEO and CTO Wei Zhen Wang Haibing, COO Cheng yun-Peng was founded in October 2007, rice company, with the first success of children's virtual community the Moore Manor, opened a Chinese children's Internet market.
