NetEase Inc. launched its Hong Kong public offering, which forms part of the global offering of 171,480,000 new ordinary shares.

The online game developer plans to list its ordinary shares on the Main Board of The Stock Exchange of Hong Kong Ltd. under the stock code 9999.HK.

The offering initially comprises 5,150,000 new shares under the Hong Kong public offering and 166,330,000 new shares for the international offering. The company expects to grant the international underwriters an overallotment option to purchase up to an additional 25,722,000 new shares in the international offering.

The offer price for the Hong Kong public offering will be not more than HK$126.00 per share. NetEase will set the international offer price by June 5 Hong Kong time.

NetEase's American depositary shares will continue to be listed and traded on the Nasdaq Global Select Market. Upon listing, the Hong Kong-listed shares will be fully fungible with the ADSs listed on Nasdaq, the company said June 1.

The company plans to use the net proceeds from the offering for globalization strategies and opportunities, as well as general corporate purposes.