Qutoutiao’s stock soars 80% in its public debut

1 BUSINESS

Business News - Opportunities - Reviews

 

 

Qutoutiao prices IPO at $7 per ADS, raising $84 million

Qutoutiao Inc. priced its initial public offering at $7 per American Depositary Share, selling 12 million shares to raise about $84 million. The Chinese mobile content aggregator’s shares will start trading Friday on Nasdaq, under the ticker symbol “QTT.” Citigroup, Deutsche Bank, China Merchants Securities (HK), and UBS are joint bookrunners on the deal with KeyBanc acting as co-manager.

1 BUSINESS

Business News - Opportunities - Reviews

 

 

Leave a Reply