Kingold Prices Its IPO

Chinese jewelry manufacturer Kingold Jewelry announced Jan.
14 the upsizing and pricing of its underwritten public offering of common

The size of the offering has been increased from the
6,000,000 shares of common stock previously disclosed in Kingold’s SEC
statement, to 7,200,000 shares at a public offering price of $3.19 per share.
The closing of the sale of the common stock is expected to occur on Jan. 20,
subject to the satisfaction of customary closing conditions.

Kingold has granted the underwriters a 45-day option to
purchase up to an additional 1,080,000 shares of common stock at the public
offering price to cover any over-allotments.

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