Country Style Cooking Restaurant Chain Announces Pricing of Initial Public Offering on New York Stock Exchange
September 28 2010 - 6:30AM
Business Wire
Country Style Cooking Restaurant Chain Co., Ltd (NYSE: CCSC)
(“Country Style Cooking” or the “Company”), a fast-growing quick
service restaurant chain in China, today announced that it has
priced its initial public offering of 5,000,000 American Depositary
Shares (“ADSs”), each representing four ordinary shares of the
company, at US$16.50 per ADS, with a total offering size of US$82.5
million, assuming no exercise of the over-allotment option. The
ADSs will begin trading on the New York Stock Exchange on September
28, 2010 under the symbol “CCSC.”
The underwriters have been granted a 30-day option to purchase
up to 750,000 additional ADSs to cover over-allotments.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and
Credit Suisse Securities (USA) LLC acted as joint bookrunners and
Cowen and Company, LLC and Piper Jaffray & Co. acted as
co-managers for the offering.
Country Style Cooking’s registration statement relating to the
initial public offering 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 any securities, 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 under the securities laws of
any such state or jurisdiction.
About Country Style Cooking Restaurant Chain Co.,
Ltd.
Country Style Cooking Restaurant Chain Co., Ltd ("CSC") is a
fast-growing quick service restaurant chain in China, offering
delicious, everyday Chinese food to customers who desire fast and
affordable quality meals. CSC directly operates all of its
restaurants and is the largest quick service restaurant chain in
Chongqing municipality, home to Sichuan cuisine, one of the
best-known Chinese regional cuisines.
Country Style Cooking Restaurant Chain Co., Ltd American Depositary Shares, Each Representing Four Ordinary Shares (delisted) (NYSE:CCSC)
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