Ctrip.com Announces Pricing of Follow-on Public Offering of 5,700,000 American Depositary Shares
SHANGHAI, March 4 /PRNewswire-Asia/ -- Ctrip.com International, Ltd. (Nasdaq: CTRP) ("Ctrip" or the "Company"), a leading travel service provider for hotel accommodations, airline tickets and packaged tours in China, today announced that its follow-on public offering of 5,700,000 American depositary shares, or ADSs, each representing 0.25 of ordinary share of the Company, was priced at $36 per ADS on March 3, 2010. The Company has granted the underwriter an option to purchase up to 855,000 additional ADSs.
Ctrip intends to use the net proceeds from this offering for strategic acquisitions of, and investments in, complementary businesses and assets, and for other general corporate purposes.
Goldman Sachs (Asia) L.L.C. is the sole bookrunner for the offering.
This offering is being made only by means of a prospectus supplement filed with the Securities and Exchange Commission in connection with an automatic shelf registration statement previously filed by Ctrip. This press release does not constitute an offer to sell, or the solicitation of an offer to buy securities, and does not constitute an offer, solicitation or sale 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.
Copies of the prospectus supplement and the accompanying prospectus may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad Street, New York, NY, 10004, telephone: (866) 471-2526, facsimile: +1-212-902- 9316.
About Ctrip.com International, Ltd.
Ctrip.com International, Ltd. is a leading travel service provider of hotel accommodations, airline tickets and packaged-tours in China. Ctrip aggregates information on hotels and flights and enables customers to make informed and cost-effective hotel and flight bookings. Ctrip also sells packaged tours that include transportation and accommodations, as well as guided tours in some instances. Ctrip targets primarily business and leisure travelers in China. Since its inception in 1999, Ctrip has experienced substantial growth and become one of the best-known travel brands in China.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," and "confident" and similar statements. Ctrip may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Ctrip's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, a re- occurrence of slow-down of economic growth in China and the worldwide recession, declines or disruptions in the travel industry, volatility in the trading price of Ctrip's ADSs, damage to Ctrip's relationships with travel suppliers and strategic alliances, failure to further increase Ctrip's brand recognition to obtain new business partners and consumers, failure to compete against new and existing competitors, damage to or failure of Ctrip's infrastructure and technology, loss of services of Ctrip's key executives, risks associated with any strategic investments or acquisitions, risks related to health epidemics, such as outbreaks of H1N1 flu (swine flu), SARs or avian flu, that may materially disrupt the travel industry, risks and uncertainties associated with PRC laws and regulations governing Internet content providers and affecting Ctrip's business in China, Ctrip's failure to prevent others from using its intellectual property, Ctrip's failure to successfully manage current growth and potential future growth, and other risks outlined in Ctrip's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of March 4, 2010, and Ctrip does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For more information, please contact: June Zhu Ctrip.com International, Ltd. Tel: +86-21-3406-4880 x12258 Email: [email protected] Lin Zhang Ctrip.com International, Ltd. Tel: +86-21-3406-4880 x12920 Email: [email protected]
SOURCE Ctrip.com International, Ltd.
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