Zero2IPO, CDH-Backed Wowo Prices $66M US IPO

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Beijing-based Wowo Limited, which operates Chinese group-buying site 55tuan.com, plans to issue six million American Depositary Shares (ADS) at an indicative price range between US$9 to US$11 per share, raising up to US$66 million in an initial public offering on the NASDAQ, according to an updated security filing.

Earlier this week, Wowo increased its planned IPO size by 62.5% to US$65 million, up from US$40 million when it filed initially with the U.S. Securities and Exchange Commission in early January.

China Money Network

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