Renaissance Capital logo

Taomee prices IPO at $9, at low end of the range

June 9, 2011

Taomee Holdings, the largest online entertainment platform for children in China, raised $65 million by offering 7.2 million ADSs at $9, at the low end of the range of $9 to $11. Taomee Holdings plans to list on the NYSE under the symbol TAOM. Credit Suisse and Deutsche Bank Securities acted as lead managers on the deal.