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VISN successfully followed on 6.325 million shares at the price of 16 U.S. dollars per share on the 15th U.S. time, including 825,000 copies of the over-allotment option priced at 16 dollars per share, gaining 1.012 100 million U.S. dollars. After the issuance, Chairman of the VISN Board and CEO Li Limin is still largest shareholder of the company.
At the end of last year after the successful landing on the Nasdaq, just eight months, depending on the media, that is, the issuance of this, these shares finished the day that all subscription and become the only additional year in the United States the success of the Chinese media company. The successful issuance of the news, company shares rose 12 percent, the latest closing price of 19.38 U.S. dollars.
Company official said that the success of following on this time not only increases the liquidity of the shares and brings in other strategic investors such as the Fidelity fund to further optimized the structure of shares, but also gaining the needed capital for the continuous development.
