BEIJING, April 21, 2011 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq:VNET) ("21Vianet" or the "Company"), the largest carrier-neutral Internet data center services provider in China, today announced that it has priced its initial public offering of 13,000,000 American depositary shares ("ADSs"), each representing six Class A ordinary shares of the Company, at US$15.00 per ADS, with a total offering size of US$195 million, assuming no exercise of the over-allotment option by the underwriters. The ADSs will begin trading on the NASDAQ Global Market on April 21, 2011 under the symbol "VNET."
The Company has granted the underwriters a 30-day option to purchase up to an additional 1,950,000 ADSs at the initial public offering price to cover over-allotments, if any.
Morgan Stanley, Barclays Capital Inc. and J.P. Morgan Securities LLC acted as joint bookrunners, and Piper Jaffray & Co., William Blair & Company, L.L.C. and Pacific Crest Securities LLC acted as co-managers, for the offering.
21Vianet's registration statement relating to the initial public offering has been filed with, and 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 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, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, United States, by calling +1-866-718-1649 or by emailing email@example.com; Barclays Capital Inc., c/o Broadridge Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, New York 11717, United States, by calling +1-888-603-5847 or by emailing Barclaysprospectus@broadridge.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, United States, or by calling +1-866-803-9204.
21Vianet is the largest carrier-neutral Internet data center services provider in China. 21Vianet provides hosting and related services, managed network services and cloud computing infrastructure, improving the reliability, security and speed of its customers' Internet connections through 21Vianet's Internet infrastructure. Customers may locate their servers and networking equipment in one of 21Vianet's data centers and connect to China's Internet backbone through 21Vianet's extensive fiber optic network. In addition, its proprietary smart routing technology, BroadEx, enables customers' data to be delivered across the Internet in a faster and more reliable manner. 21Vianet operates in 33 cities throughout China, servicing a diversified and loyal base of more than 1,300 customers that span many industries ranging from Internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.
Investor Relations Contact:
US: +1 (646) 405-4922
China: +86 10 6583 7508
Source: 21Vianet Group, Inc.