BEIJING, Oct 1, 2010 (GlobeNewswire via COMTEX News Network) -- ChinaCache International Holdings Ltd., ("ChinaCache" or the "Company") (Nasdaq:CCIH), the leading provider of Internet content and application delivery services in China, today announced that its initial public offering of 6,060,980 American depositary shares ("ADSs"), each representing 16 ordinary shares of the Company, was priced at $13.90 per ADS. The ADSs will begin trading on the NASDAQ Global Market today under the symbol "CCIH."
Of the 6,060,980 ADSs being offered, 5,014,100 ADSs are offered by ChinaCache, and 1,046,880 ADSs are offered by the selling shareholders. The underwriters have been granted a 30-day option to purchase up to an additional 909,147 ADSs from ChinaCache.
BofA Merrill Lynch and Deutsche Bank Securities Inc. are serving as joint bookrunners for the offering. The co-managers of the offering are Oppenheimer & Co. and Pacific Crest Securities.
ChinaCache's registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities 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.
The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or email email@example.com, or Deutsche Bank Securities, 60 Wall Street, New York, New York 10005, Attention: Prospectus Department (telephone: (800) 503-4611; e-mail: firstname.lastname@example.org).
About ChinaCache International Holdings Ltd.
ChinaCache International Holdings Ltd. (Nasdaq:CCIH) is the leading provider of Internet content and application delivery services in China. As a carrier-neutral service provider, ChinaCache's network in China is interconnected with networks operated by all telecom carriers, major non-carriers and local Internet service providers. With more than a decade of experience in developing solutions tailored to China's complex internet infrastructure, ChinaCache is the partner of choice for businesses, government agencies and other enterprises to enhance the reliability and scalability of online services and applications and improve end-user experience. For more information on ChinaCache, please visit www.chinacache.com.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: ChinaCache International Holdings Ltd.
CONTACT: ChinaCache International Holdings Ltd.
Investor and Media Inquiries:
Mr. Wei An, Vice President of Corporate Communications
+86 (10) 6437-3399
Brunswick Group LLP
Investor and Media Inquiries:
Ms. Yue Yu
+86 (10) 6566-2256
Ms. Susan Stillings
Ms. Cindy Zheng
+1 (212) 333-3810