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China Daily Website

Auto website Autohome sets terms for $102m IPO

Updated: 2013-12-02 17:42
( Nasdaq.com)

Autohome, which provides online information, listings and reviews for auto consumers in China, announced terms for its IPO on Nov 29.

The Beijing, China-based company plans to raise $102 million by offering 7.8 million shares at a price range of $12 to $14. At the midpoint of the proposed range, Autohome would command a fully diluted market value of $1.4 billion.

Autohome, which was founded in 2005 and booked $172 million in sales for the 12 months ended Seotember 30, 2013, plans to list on the NYSE under the symbol ATHM. Autohome initially filed confidentially on July 31, 2013. Deutsche Bank and Goldman Sachs (Asia) are the joint bookrunners on the deal.