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Chinese fashion portal MOGU prices US IPO at $14, the low end of the range

December 5, 2018
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MOGU, a Tencent-backed online fashion marketplace in China, raised $67 million by offering 4.8 million ADSs at $14, the low end of the range of $14 to $16. MOGU plans to list on the NYSE under the symbol MOGU. Morgan Stanley, Credit Suisse and China Renaissance acted as lead managers on the deal.