- DouYu closes first day of trading at its $11.50 offer price
- Listing is biggest in U.S. by Chinese firm since Tencent Music
Chinese video-game live-streaming platform DouYu International Holdings Ltd. ended flat in its trading debut after its $775 million U.S. initial public offering.
Shares of the company, backed by Tencent Holdings Ltd., closed their first day of trading Wednesday at $11.50, the same price as when they were sold in its IPO on Tuesday.
DouYu, which delayed its listing amid market jitters in May, sold 44.9 million American depository shares and its investors sold another 22.5 million. READ MORE
Similar Posts:
- Why Would the Chinese Pay $1B for a Talking Cat Game? (BloombergBusinessweek)
- US-Chinese Business Partnerships Are Thriving (Kraneshares)
- Why Tencent’s Golden Share Arrangements Could Be Worse for Investors Than Alibaba’s (China Tech Shorts)
- CMBI Research China & Hong Kong Stock Picks (July 2023)
- ZJLD Group (HKG: 6979): IPO of the First Baijiu Maker to List Outside of China Flops
- Morningstar Hong Kong & Singapore Stock of the Week (Q2 2023)
- CMBI Research China & Hong Kong Stock Picks (May 2024)
- Hong Kong Stocks Roar Into 2021 on Surge of Investment From China (Nikkei Asia)
- NetDragon Websoft (HKG: 0777 / FRA: 3ND): First Stock to Try the AI-CEO Gimmick (Ahead of a NYSE Spinoff-Listing)
- Asia300 Power Performers: Tech’s Wild Ride (Nikkei Asian Review)
- Fangdd Network (NASDAQ: DUO): Can the Online Marketplace Ride Out the Chinese Property Downturn?
- Is China Still Uninvestable? A Conversation with Navis Jockey Fund (SumZero)
- Five Misconceptions About China’s Stock Markets (KraneShares)
- Be Wary of the MSCI China Inclusion Hype (WSJ)
- How Does Tencent Compare With World’s Tech Titans? (Forbes)
