Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

SYSWIN Inc. Announces Pricing of Initial Public Offering

VIEWS: 11 PAGES: 2

BEIJING--(EON: Enhanced Online News)--SYSWIN Inc. (“SYSWIN” or “the Company”), a leading primary real estate service provider in China, today announced that its initial public offering of 9,600,000 American Depositary Shares (“ADSs”), each representing four ordinary shares of the Company, was priced at an initial public offering price of $7.00 per ADS. The ADSs will begin trading on the New York Stock Exchange on November 24, 2010 under the ticker symbol “SYSW.” The Company has granted the under a style='font-

More Info
									SYSWIN Inc.Announces Pricing of Initial Public
Offering
November 24, 2010 12:03 AM Eastern Time  

BEIJING--(EON: Enhanced Online News)--SYSWIN Inc. (“SYSWIN” or “the Company”), a leading primary real
estate service provider in China, today announced that its initial public offering of 9,600,000 American Depositary
Shares (“ADSs”), each representing four ordinary shares of the Company, was priced at an initial public offering
price of $7.00 per ADS. The ADSs will begin trading on the New York Stock Exchange on November 24, 2010
under the ticker symbol “SYSW.” 

The Company has granted the underwriters a 30 day option to purchase up to 1,440,000 additional ADSs at the
initial public offering price, less the underwriting discounts and commissions.

Morgan Stanley acted as the sole book runner for this offering, and William Blair & Company, Oppenheimer & Co.
and Roth Capital Partners acted as co-managers for the offering.

SYSWIN Inc.’s registration statement relating to these securities has been declared effective by the United States
Securities and Exchange Commission. This press 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 other
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 Morgan Stanley & Co.
Incorporated, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York, 10014,
telephone: 1 (866) 718-1649, or by e-mailing prospectus@morganstanley.com.

About the Company

The Company began focusing on providing primary real estate services in the second half of 2004 and believes it is a
leading primary real estate service provider in China. The Company currently has operations in 17 cities throughout
China. The Company primarily provides real estate sales agency services to property developers relating to new
residential properties with net revenue derived from sales agency services representing 97.1% of the Company’s
total net revenue in 2009. Capitalizing on the experience and capabilities gained in Beijing, the Company has quickly
replicated its success in a number of other markets. The Company focuses on servicing its key clients and tailors its
services to meet client demands. As a result, the Company has been successful in generating repeat business and
increasing business volume from its major key clients. Of China’s top 30 developers (including those that do not use
sales agency services), according to China Index Academy, 14 are or have previously been clients of the Company.
Clients of the Company include some of the most well-recognized national developers in China, including China
Vanke, Longfor Properties, Sino-Ocean Land Holdings, Guangzhou R&F Properties and Gemdale Group.

Contacts
For investor and media inquiries, please contact:
In China:
Rene Huang
Investor Relations Officer
Phone:: +86 (10) 8472-8783
Email: rene@syswin.com
Permalink: http://eon.businesswire.com/news/eon/20101123006941/en

								
To top