Common use of IPO Participation Right Clause in Contracts

IPO Participation Right. Subject to applicable law and regulations, each holder of Preferred Shares shall have the right to purchase or direct any of its Affiliates to purchase, at its option, at the final price per share (net of underwriting discounts and commissions) set forth in the Company’s final prospectus with respect to an IPO, up to the number of the Ordinary Shares of the Company offered in the IPO that enables such holder of Preferred Shares to maintain, in the aggregate, its percentage ownership interest in the Company immediately prior to the consummation of the IPO.

IPO Participation Right. Subject to applicable law and regulations, each holder of Preferred Shares Investor shall have the right to purchase or direct any of its Affiliates to purchase, at its option, at the final price per share (net of underwriting discounts and commissions) set forth in the Company’s final prospectus with respect to an IPO, up to the number of the Ordinary Shares of the Company offered in the IPO that enables such holder of Preferred Shares the Investor to maintain, in the aggregate, its percentage ownership interest in the Company immediately prior to the consummation of the IPOIPO (calculated on a fully diluted and as converted basis).