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 24,000,000 additional ADSs to cover over-allotments.
The commission will make a formal punishment decision in accordance with the Law after fully hearing the opinions of related parties.
The company and the university will also work together to solve technological problems, develop products, and promote the application of technological results.
The company aims to increase funding toward China's sustainable development and deliver continued support for public welfare programs and local communities. Over the last 18 years, PepsiCo has contributed more than 163 million yuan to strengthen communities in China.
The civil servant law first took effect in 2006.
The companies gained a net profit of 443.3 billion yuan during the period, up 11.4 percent year-on-year, according to the top 100 list published Monday by the Shanghai Enterprise Confederation, Shanghai Federation of Economic Organization and Jiefang Daily.
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The company controlled by search giant Baidu is about to kick off negotiations with banks and deal arrangers and is shooting for a valuation of as much as billion, the people said, asking not to be named because the matter is private.
The company has built its presence on e-commerce, digital and physical platforms in the country — one of LEGO's fastest growing markets in the world.
The company attributed its success to the strong performance in e-commerce sales, especially the surge during China's Singles Day, an online shopping carnival held on Nov 11 every year, as well as "the capability to meet consumers' increasing and more diversified demands".
The company also plans to develop the technology for its buses on fixed routes, such as for airports and harbors, by around 2020 and even apply it to passenger vehicles in the future, according to one of the company's executives.