New York, November 6, 2007 – Agria Corporation (“Agria”), a fast-growing China-based agri-solutions provider engaged in research and development, production and sale of upstream agricultural products, today announced that it has priced its initial public offering of 17,150,000 American Depositary Shares (ADSs) at $16.50 per ADS. The ADSs, each representing two ordinary shares, will begin trading on Wednesday, November 7, 2007 on the New York Stock Exchange under the symbol "GRO".
The offering comprises an initial public offering of 12,000,000 ADSs by Agria and an additional offering of 5,150,000 ADSs by a selling shareholder of Agria disclosed in the prospectus. The underwriters have an option, exercisable for 30 days from the date of the prospectus, to purchase up to an additional 2,572,500 ADSs from Agria at the initial public offering price less the underwriting discounts and commissions to cover over-allotments of the ADSs.
Credit Suisse acted as sole book runner for this offering, and HSBC, Piper Jaffray and CIBC World Markets acted as co-managers for the offering.
A copy of the prospectus relating to the offering may be obtained from Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue 1B, New York, NY 10010; phone: 1-800-221-1037.
Agria's registration statement relating to the securities offered in the offering was declared effective as of November 6, 2007 by the U.S. Securities and Exchange Commission. This press release shall 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 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.
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