Ruhnn Holding, an e-commerce platform used by Chinese internet celebrities to sell fashion items, raised $125 million by offering 10 million ADSs at $12.50, the midpoint of the $11.50 to $13.50 range. Weibo indicated an interest in purchasing $10 million of the IPO (8% of the deal).
Ruhnn Holding plans to list on the Nasdaq under the symbol RUHN. Citi and UBS Investment Bank acted as lead managers on the deal.
