58.com Inc. Announces Exercise of Green Shoe

BEIJING, Nov. 12, 2013 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online marketplace serving local merchants and consumers, announced that the underwriters of its initial public offering exercised in full their option to purchase up to 1,650,000 additional ADS at the initial public offering price of US$17.00 per ADS.

Including the exercise of the over-allotment, 58.com offered a total of 12,650,000 ADSs, which represents a total capital raise of US$215,050,000.

58.com's registration statement relating to the 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 the securities described herein, nor shall there be any sale of these securities in any state or 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.

About 58.com Inc.

58.com Inc. (NYSE: WUBA) operates China's largest online marketplace serving local merchants and consumers, as measured by monthly unique visitors on both its www.58.com website and mobile applications. The Company's online marketplace enables local merchants and consumers to connect, share information and conduct business. 58.com's broad, in-depth and high quality local information, combined with its easy-to-use website and mobile applications, has made it a trusted marketplace for consumers. 58.com's strong brand recognition, large and growing user base, merchant network and massive database of local information create a powerful network effect. For more information on 58.com, please visit http://www.58.com.

For more information, please contact:

58.com Inc.
[email protected]

Christensen

In China

Mr. Christian Arnell
Phone: +86-10-5826-4939
E-mail: [email protected]

In U.S.

Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: [email protected]

SOURCE 58.com Inc.