12 May 2014
BAIOO Family Interactive Successfully Closed its IPO in Hong Kong

BAIOO Family Interactive Limited (“BAIOO”), China’s No. 1 company for children’s online entertainment, was successfully listed on the Stock Exchange of Hong Kong Limited on Apr. 10, 2014. Altogether 706 million shares were issued at the offering price of HKD 2.15 per share and USD 196mn’s proceeds were raised, accounting for 25.0% of the enlarged share capital. CICC acted as Joint Bookrunner and Joint Lead Manager in this transaction.