36KR Holdings, an online media publisher focused on New Economy companies in China, raised $20 million by offering 1.4 million ADSs at $14.50, the low end of the range of $14.50 to $17.50, to command a fully diluted market value of $581 million. The company originally planned to offer 3.6 million ADSs at the same range. Insiders indicated on $20 million worth of ADSs in the offering (100% of the deal).
36KR Holdings plans to list on the Nasdaq under the symbol KRKR. Credit Suisse, CICC, and AMTD Global Markets acted as lead managers on the deal.
