Wo Wo Group in February 25th will be listed in the U.S.

 Tencent

technology news in February 6th, the U.S. financial website IPOScoop revealed that Wo Wo Group will be listed on the NASDAQ EST on February 25th, up $66 million fund-raising.

The latest

documents show that Wo Wo Group plans to issue 6 million shares of American Depositary Shares (ADS), equivalent to 108 million ordinary shares. The price range of Wo Wo Group IPO 9 to $11. The company’s stock plans to trade on the NASDAQ Global market, the stock code is WOWO".

Wo Wo Group

will determine the final IPO price in Axiom Capital Management and the Underwriters after discussion.

prospectus prior to the disclosure of financial information, the company’s 9 months of 2014 net revenues of $20 million 600 thousand, compared to the same period in 2013 of $27 million 600 thousand; a net loss of $32 million 400 thousand, compared with a net loss of $21 million 100 thousand for the same period in 2013.

9 former Wo Wo Group

2014 revenue cost of $5 million 500 thousand, compared to the same period in 2013 of $4 million 700 thousand; gross profit was $15 million 100 thousand, compared to the same period in 2013 for $22 million 900 thousand.

in 2014 the first 9 months, Wo Wo Group’s total operating expenses were $47 million 400 thousand, compared to the same period in 2013 for $43 million 900 thousand. Among them, the first 9 months of 2014 marketing expenses were $8 million 700 thousand, compared to the same period in 2013 of $8 million 100 thousand; sales, general and administrative expenses were $38 million 700 thousand, compared to the same period in 2013 for $35 million 800 thousand. 9 months before Wo Wo Group 2014 operating loss of $32 million 300 thousand, compared to an operating loss of $21 million in 2013.

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