Tuniu Prices IPO At $9.00 Per ADS

(RTTNews) - Tuniu Corp. (TOUR), online leisure travel company in China, announced that it has priced its initial public offering of 8 million American Depositary Shares or "ADSs", each representing three Class A ordinary shares of the Company, at $9.00 per ADS for a total offering size of approximately $72.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs.

The ADSs will begin trading on the NASDAQ Global Market today under the ticker "TOUR".

Of the 8 million ADSs being offered, 7.38 million are offered by Tuniu and 620,000 are offered by the selling shareholders.

Tuniu said it has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an additional 1.20 million ADSs at the initial public offering price to cover over-allotments, if any.

Morgan Stanley & Co. International plc, Credit Suisse Securities (USA) LLC and China Renaissance Securities (Hong Kong) Limited are acting as joint bookrunners, and Oppenheimer & Co. Inc. is acting as co-manager, for the offering.