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NetEase.com,
Inc. Announces Initial Public Offering |
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BUSINESS WIRE
BEIJING, June 30, 2000 |
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NetEase.com, Inc.,
(Nasdaq: NTES), a leading Internet technology company in China,
has announced that it has commenced its initial public offering
(IPO) of American Depository Shares at US$15.50 per share. The
Company is offering 4,500,000 American Depository Shares in
its IPO with Merrill Lynch as its global coordinator and bookrunner,
and Deutsche Banc Alex Brown as the co-lead of the offering
NetEase.com is a leading
Internet destination with a large user community in China. NetEase's
average daily page views for the seven-day period ended May
31, 2000 exceeded 20 million. As of May 31, 2000, the NetEase
Web sites had approximately 4.9 million registered members,
378,000 personal home pages, 29,500 simultaneous chatroom participants,
and 3 million e-mail accounts. |
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This press release shall not constitute an
offer to sell or the solicitation of an offer to buy; nor shall
there be any sale of these securities in any jurisdiction in
which such offer solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of
any such jurisdiction. |
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--30--fap/ny*
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CONTACT:
NetEase.com Inc. Helen
He, +8610 6561-8811 or
Citigate Dewe Rogerson, Hong Kong Magdalene Tsang, +852 2528
8989 or
Citigate Dewe Rogerson, New York Julia Huang, 212/688-6840
TodINDUSTRY KEYWORD: BANKING E-COMMERCE INTERNET IPO
Today's News On The Net - Business Wire's full file on the
Internet with Hyperlinks to your home page. URL: http://www.businesswire.com
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(c) 1998 Business Wire
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Friday, 30 June 2000 21:28:31 ENDS [nBSW6U2141]
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