Upon listing, the Hong Kong-listed shares will be fully fungible with the ADSs listed on Nasdaq.
As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES) is dedicated to providing premium online services centered around innovative and diverse content, community, communication and commerce. Connect to Hong Kong’s financial market through HKEX. This press release shall not constitute an offer to sell or the solicitation of an offer or an invitation to buy any securities of the Company, nor shall there be any offer or sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
The Company plans to use the net proceeds from the Offering for globalization strategies and opportunities, fueling continued pursuit of innovation, and general corporate purposes. In more recent years, NetEase has expanded into international markets including Japan and North America. There can be no guarantee that the offering and listing will be completed as planned, or that the expected benefits from the offering and listing will be achieved.
Private Securities Litigation Reform Act of 1995.
HANGZHOU, China, June 1, 2020 /PRNewswire via COMTEX/ -- HANGZHOU, China, June 1, 2020 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES) ("NetEase" or "the Company") today announced the launch of its Hong Kong Public Offering, which forms part of the Global Offering (the "Offering") of 171,480,000 new ordinary shares (the "Offer Shares" or "Shares") and listing of its ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited (the "SEHK") under the stock code "9999.HK." Investors in the Offering will only be able to purchase ordinary shares and will not be able to take delivery of ADSs.
Copyright (C) 2020 PR Newswire. Shares will be traded in board lots of 100 shares. All information provided in this press release is as of the date of this press release and are based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
This press release has not been reviewed or approved by the SEHK or the Securities and Futures Commission of Hong Kong. RMB Stock IPO can be subscribed through HSBC IPO Nominees Services. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting the following underwriters: (1) Citigroup Global … Statements that are not historical facts, including statements about the offering and listing, the use of proceeds and the Company's strategies and goals, are or contain forward-looking statements.
These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. NetEase has decided to adopt a fully electronic application process for the Hong Kong Public Offering, with no printed copies of prospectuses or application forms. The Hong Kong Public Offering will commence at 9:00 a.m. on Tuesday, June 2, 2020 Hong Kong time and will close at 12:00 noon on Friday, June 5, 2020 Hong Kong time. The final Hong Kong Offer Price will be set at the lower of the final International Offer Price and the Maximum Offer Price of HK$126.00 per share. In addition to its self-developed game content, NetEase partners with other leading game developers, such as Blizzard Entertainment and Mojang AB (a Microsoft subsidiary), to operate globally renowned games in China.
The offer price for the Hong Kong Public Offering (the "Hong Kong Offer Price") will be not more than HK$126.00 per share (the "Maximum Offer Price").
NetEase's other innovative service offerings include the intelligent learning services of its majority-controlled subsidiary, This press release contains forward-looking statements.
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