China Real Estate Information Corporation
China Real Estate Information Corporation is a leading provider of online and offline real estate information and consulting services with a presence in over 50 cities across China. CRIC's proprietary, advanced and comprehensive real estate information database and analysis system provides a broad range of real estate-related services to all participants in the real estate value chain, including developers, suppliers, agents, brokers, service providers and individual consumers. CRIC's comprehensive services include subscription-based information services, customized consulting services, advertising services, and online services through several real estate websites which provide region-specific real estate information and access to online communities.
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China Real Estate Information IPO priced at $12 per ADS
China Real Estate Information Corporation, the E-house subsidiary which has teamed up with Sina.com - the world's most visited Chinese website, has announced the pricing for its upcoming IPO.
The company announced that its initial public offering will consist of 18,000,000 American depositary shares ("ADSs"), each representing one ordinary share of the company, priced at US$12.00 per ADS. The ADSs will begin trading on the NASDAQ Global Select Market on October 16, 2009 under the symbol "CRIC."
All of the 18,000,000 ADSs sold in the offering were sold by CRIC. The underwriters have been granted a 30-day option to purchase up to 2,700,000 additional ADSs from CRIC to cover over-allotments.
CRIC is a subsidiary of E-House (China) Holdings Limited ("E-House") (NYSE:EJ), a leading real estate services company in China.
CRIC will merge with the online real estate business of SINA Corporation (Nasdaq:SINA), a leading online media company and mobile value-added service provider for China and for global Chinese communities, effective as of the closing of CRIC's initial public offering. E-House will be the majority shareholder of CRIC and SINA will be the second largest shareholder of CRIC.
Other China Real Estate Information Corporation news
- China Real Estate swings to Q1 loss, but shares rise as sales up 55%, upbeat Q2 outlook
2011-05-31 - China Real Estate Information’s shares rise on first quarter revenue guidance
2011-03-11
