China Growth Stocks

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DEER

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Inc. (NASDAQ: DEER) announced today the pricing of a public offering of 6,000,000 shares of its common stock at a public offering price of $11.00 per share. Deer has granted the underwriters an over-allotment option to purchase 900,000 additional shares of common stock at the public offering price. The offering is subject to customary closing conditions and is expected to close on December 16, 2009.

The net proceeds to Deer, after deducting underwriting discounts and commissions, excluding any exercise of the underwriters' over-allotment option and any expenses or advisory fees related to the offering, are expected to be approximately $61,686,000. Deer intends to use the net proceeds from the offering for general corporate purposes including the expansion of our product offerings in China, expanding Chinese domestic market sales, and to meet working capital needs.

William Blair & Company, L.L.C. and BMO Capital Markets Corp. are acting as joint book-running managers for this offering.