Yunji, a Chinese e-commerce site that uses a social platform to promote its products, raised $121 million by offering 11 million shares at $11, the low end of the range of $11 to $13. Existing shareholders Crescent Point and Trustbridge had indicated an interest in purchasing up to $100 million of the deal; this would account for 83% of the deal. Yunji plans to list on the Nasdaq under the symbol YJ. Morgan Stanley, Credit Suisse, J.P. Morgan and CICC acted as lead managers on the deal.
