Smart Share Global Limited Announces Pricing of Initial Public Offering
Smart Share Global Limited, known as Energy Monster, has announced the pricing of its initial public offering (IPO) of 17,650,000 American Depositary Shares (ADSs) at $8.50 each, totaling approximately $150 million. The ADSs are set to trade on the Nasdaq under the ticker symbol EM starting April 1, 2021, with the offering expected to close on April 6, 2021. Underwriters have an option to purchase an additional 2,647,500 ADSs within 30 days of the final prospectus. Energy Monster is recognized as the largest mobile device charging service provider in China by gross revenue.
- IPO priced at $8.50 per ADS, raising approximately $150 million.
- Largest mobile device charging service provider in China by gross revenue in 2020.
- Possible dilution of shares if underwriters exercise their option for additional ADSs.
SHANGHAI, China, April 01, 2021 (GLOBE NEWSWIRE) -- Smart Share Global Limited (“Energy Monster” or the “Company”), a consumer tech company providing mobile device charging service, today announced the pricing of its initial public offering (“IPO”) of 17,650,000 American Depositary Shares (“ADSs”) at a public offering price of
The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 2,647,500 additional ADSs.
Goldman Sachs (Asia) L.L.C., Citigroup Global Markets Inc. and China Renaissance Securities (Hong Kong) Limited are acting as joint bookrunners and as representatives of the underwriters for the offering. Tiger Brokers (NZ) Limited, BOCI Asia Limited, Futu Inc. and SNB Finance Holdings Limited are co-managers for the offering.
A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the initial public offering may be obtained from: Goldman Sachs & Co. L.L.C., Attention: Prospectus Department (1-866-471-2526), 200 West Street, New York, NY 10282-2198, or by email at prospectus-ny@gs.com; Citigroup Global Markets Inc., Attention: Prospectus Department , 388 Greenwich Street, New York, New York 10013, United States, or by email at prospectus@citi.com; or China Renaissance Securities (Hong Kong) Limited, Attention: Investment Banking Department, Units 8107-08, Level 81, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong, or by email at dl-CRSyndicate@chinarenaissance.com.
About Energy Monster
Energy Monster is a consumer tech company providing mobile device charging service through an extensive online and offline network. Energy Monster is the largest mobile device charging service provider in China in terms of gross revenues in 2020, according to the iResearch Report. Energy Monster provides service through its power banks, placed in POIs operated by the location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs and public spaces. Through the mini programs, users rent power banks to carry with them when they use charging service and can return the power banks at any of the POIs.
For more information, please visit: http://ir@enmonster.com
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to," or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.
Investor Relations
ir@enmonster.com
+86 (21) 6050 3535
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