BEIJING, June 30, 2010 - (ACN Newswire) - HiSoft Technology International Limited, ("HiSoft" or the "Company") (NASDAQ: HSFT), a leading China-based provider of outsourced information technology and research and development services headquartered in Dalian, China, today announced that its initial public offering of 7,400,000 American Depositary Shares ("ADSs"), each representing 19 common shares of the Company, was priced at $10.00 per ADS. The ADSs will begin trading on the NASDAQ Global Market on June 30, 2010 under the symbol "HSFT".
6,400,000 ADSs are being offered by HiSoft and 1,000,000 ADSs are being offered by selling shareholders. The underwriters have been granted a 30-day option to purchase up to an aggregate of 1,110,000 additional ADSs from the Company and the selling shareholders to cover over-allotments.
Deutsche Bank Securities Inc., UBS AG and Citigroup Global Markets Inc. acted as joint book runners for the offering, and Cowen and Company, LLC and Thomas Weisel Partners LLC acted as co-managers for the offering.
HiSoft'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 Deutsche Bank Securities Inc., Attention: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, United States of America; phone: +1-800-503-4611; or by contacting UBS Investment Bank, Attention: Prospectus Department, 299 Park Avenue, New York, NY 10171, United States of America; phone: +1-888-827-7275; or by contacting Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220, United States of America; phone: +1-800-831-9146.
Contact:
In China:
HiSoft Technology International Limited
Tel: +86-10-5987-5827
Email: investor_relations@hisoft.com
Mr. Agustin Bautista
Ogilvy Financial, Beijing
Tel: +86-10-8520-6166
Email: hsft@ogilvy.com
In the U.S.:
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
Phone: +1-646-460-9989
Email: hsft@ogilvy.com
Topic: Press release summary
Source: HiSoft Technology International Limited
Sectors: Daily Finance, IT Individual
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