rice network in Chinese children's entertainment and media companies today to determine its IPO price of US $ 9, at the offer price interval lower limit of US $ 9 to 11, in accordance with the prospectus issued before 7.2 million United States depository shares (ADS), will raise funds to $ 64.8 million.
rice after the network announced its listing application is approved by the last , Will be held on June 9 landing United States the New York Stock Exchange, trading code is “ TAOM”。 Switzerland Credit Suisse, Deutsche Bank Securities to the rice network lead underwriters of the IPO, and Oppenheimer, Pacific Crest Securities, Stifel Nicolaus Weisel and China international financial company's also served as underwriters.
according to the prospectus show, 2008, rice net net revenues of us $ 100,000, $ 7.1 million and US $ 36 million, respectively. In 2009, rice NET 97.3% net revenues from user fees and the sale of virtual goods and 2.7% from royalties and business licensing fees under the line. In 2010 the percentage and 93.6%, respectively.
rice network established in October 2007 , Founded by Wang Haibing, Cheng yun-Peng, Wei Zhen joint, access to Sina and Tencent co-founder Zeng Liqing Bin WANG, Senior Vice-President of angel investment. In 2009, rice network access Qiming Venture payment of US $ 5 million. Rice business network is currently include the Moore Manor, the saier, political rights, the Kung Fu school and the 花仙 law, the Republic of warriors, Haxhi and the small town such as the number of online gaming products in children.
