Jianpu Technology Inc. Announces Pricing of Initial Public Offering - Nov 16, 2017

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Jianpu Technology Inc. Announces Pricing of Initial Public Offering

BEIJING, Nov. 16, 2017 /PRNewswire/ -- Jianpu Technology Inc. ("Jianpu" or the "Company") (NYSE: JT), the leading independent open platform for discovery and recommendation of financial products in China, today announced the pricing of its initial public offering of 22,500,000 American depositary shares ("ADSs") at a price to the public of US$8.00 per ADS for a total offering size of US$180 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each two ADSs represent five Class A ordinary shares. The ADSs are expected to begin trading on the New York Stock Exchange today under the symbol "JT."

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 3,375,000 additional ADSs at the initial public offering price, less underwriting discounts and commissions.

Concurrently with, and subject to, the completion of this offering, (i) Torch International Investment Ltd., or Torch International, an investing entity of Sailing Capital and an existing shareholder of RONG360 Inc., and its affiliates have agreed to purchase an aggregate of US$30 million in Class A ordinary shares from the Company; and (ii) Article Light Limited, or Article Light, an investing entity of Yunfeng Capital and an existing shareholder of RONG360, has agreed to purchase US$10 million in Class A ordinary shares from the Company. The concurrent private placements are each at a price per share equal to the initial public offering price adjusted to reflect the ADS-to-ordinary share ratio.

Goldman Sachs (Asia) L.L.C., Morgan Stanley & Co. International plc, J.P. Morgan Securities LLC and China Renaissance Securities (Hong Kong) Limited are acting as joint bookrunners for the offering and as the representatives of the underwriters.

A registration statement related to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, 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.

This offering is being made only by means of a prospectus forming part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting the prospectus department at Goldman Sachs (Asia) L.L.C. at 68th Floor, Cheung Kong Center, 2 Queen's Road Central, Hong Kong, by telephone at +852-2978-0744 or by emailing shingo.chan@gs.com; Morgan Stanley & Co. International plc at Room 214, 2nd Floor, 180 Varick Street, New York, NY, 10014, United States, by telephone at 1-917-606-8487 or by emailing prospectus@morganstanley.com; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: +1-866-803-9204; China Renaissance Securities (Hong Kong) Limited at Units 8107-08, Level 81, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong.

About Jianpu Technology Inc.

Jianpu Technology Inc. ("Jianpu") is the leading independent open platform for discovery and recommendation of financial products in China, according to iResearch*. By leveraging its deep data insights and proprietary technology, Jianpu provides users with personalized search results and recommendations that are tailored to each user's particular financial needs and credit profile. The company also enables financial service providers with sales and marketing solutions to reach and serve their target customers more effectively through online and mobile channels and enhance their competitiveness by providing them with tailored data, risk management and end-to-end solutions. The Company is committed to maintaining an independent open platform, which allows it to serve the needs of users and financial service providers impartially. For more information, please visit http://ir.jianpu.ai.

*As measured by the number of loan applications or by the number of credit card applications over the period from 2012 to 2016.

For investor and media inquiries, please contact:

In China:
Jianpu Technology Inc.
Oscar Chen
Tel: +86 (10) 6242-7068
E-mail: IR@rong360.com

The Piacente Group, Inc.
Ross Warner
Tel: +86 (10) 5730-6200
E-mail: jianpu@tpg-ir.com

In the United States:
The Piacente Group, Inc.  
Laurie Little
Tel: +1-212-481-2050
E-mail: jianpu@tpg-ir.com

SOURCE Jianpu Technology Inc.