Cloudary IPO watch: According to the amended prospectus filed with the U.S. Securities and Exchange Commission by Cloudary, the company adjusted the list of underwriters, and maintained the financing amount through the IPO at $200 million
The regulatory filing shows that investment bank Bank of America / Merrill Lynch is acting as the Cloudary IPO lead underwriter. In addition, CITIC Securities and China International Capital Corporation will serve as co-managers of the public offering. In May last year, Cloudary announced the underwriting syndicate included Bank of America / Merrill Lynch and Goldman Sachs.
The regulatory filing also shows the company booked a profit of RMB 3.07 million on revenue of RMB 191.7 for the first quarter of the fiscal year 2012, achieving a profit for the first time. The gross profit for the first quarter was RMB 66.93 million.