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AutoNavi Holdings Limited (AMAP) Announces Pricing of Initial Public Offering on the NASDAQ Global Select Market

BEIJING, July 1, 2010 (GLOBE NEWSWIRE) — AutoNavi Holdings Limited, (“AutoNavi” or the “Company”) (Nasdaq:AMAPNews), a leading provider of digital map content and navigation and location-based solutions in China, today announced that its initial public offering of 8,625,000 American depositary shares (”ADSs”), each representing four ordinary shares of the Company, was priced at $12.50 per ADS. The ADSs will begin trading on the NASDAQ Global Select Market on July 1, 2010 under the symbol “AMAP.”

Of the 8,625,000 ADSs being offered, 7,500,000 ADSs are offered by AutoNavi, and 1,125,000 ADSs are offered by the selling shareholders. The underwriters have been granted a 30-day option to purchase up to an additional 1,293,750 ADSs from AutoNavi.

Goldman Sachs (Asia) L.L.C. acted as sole bookrunner, and Oppenheimer & Co. Inc. and Pacific Crest Securities LLC acted as co-managers for the offering.

AutoNavi’s registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, 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.

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Goldman, Sachs & Co., 200 West Street, New York, NY 10282. Attention: Prospectus Department (+1 212-902-1171)

About AutoNavi Holdings Limited

AutoNavi Holdings Limited (Nasdaq:AMAPNews) is a leading provider of digital map content and navigation and location-based solutions in China. At the core of its business is a comprehensive nationwide digital map database that covers approximately 2.8 million kilometers of roadway and over 12.5 million points of interest across China. Through its digital map database and proprietary technology platform, AutoNavi provides comprehensive, integrated navigation and location-based solutions optimized for the Chinese market and users, including automotive navigation solutions, public sector and enterprise applications, wireless location-based solutions and Internet location-based solutions. For more information on AutoNavi, please visit

The AutoNavi Holdings Limited logo is available at

For investor and media inquiries please contact:
In China:
Serena Shi
AutoNavi Holdings Limited
Tel: +86-10-5985-9538
Flora Tian
Ogilvy Financial, Beijing
Tel: +86-10-8520-6524
In the U.S.:
Jessica Barist Cohen
Ogilvy Financial, New York
Phone: +1-646-460-9989
Thursday, July 1st, 2010 Uncategorized