Companies are continuing to rush out IPOs before the mid-August lull. This past week saw 11 IPOs and one SPAC raise $3.4 billion. Nine went public with market caps over $1 billion, including Chinese e-commerce app Pinduoduo, the...read more
Pinduoduo, which operates an e-commerce marketplace centered on group buying in China, raised $1.6 billion by offering 85.6 million ADSs at $19. The Shanghai, China-based company now commands a market value of $21.0 billion which qualifies it for inclusion into...read more
Pinduoduo, which operates an e-commerce marketplace centered on group buying in China, raised $1.6 billion by offering 85.6 million ADSs at $19, the high end of the $16 to $19 range. Insiders indicated an interest in purchasing up to $500 million (31% of deal...read more
Pinduoduo, a Chinese e-commerce company operating the Pinduoduo mobile platform, announced terms for its US IPO on Monday.
The Shanghai, China-based company plans to raise $1.5 billion by offering 85.6 million shares at a price range of $16 to $19. Insiders...read more
US IPO Weekly Recap: Growth stocks surge in 11 IPO week
Companies are continuing to rush out IPOs before the mid-August lull. This past week saw 11 IPOs and one SPAC raise $3.4 billion. Nine went public with market caps over $1 billion, including Chinese e-commerce app Pinduoduo, the...read more
Pinduoduo scheduled to enter the Renaissance IPO ETF (NYSE: IPO)
Pinduoduo, which operates an e-commerce marketplace centered on group buying in China, raised $1.6 billion by offering 85.6 million ADSs at $19. The Shanghai, China-based company now commands a market value of $21.0 billion which qualifies it for inclusion into...read more
Pinduoduo prices IPO at $19 high end in this year's second-largest US-listed Chinese IPO
Pinduoduo, which operates an e-commerce marketplace centered on group buying in China, raised $1.6 billion by offering 85.6 million ADSs at $19, the high end of the $16 to $19 range. Insiders indicated an interest in purchasing up to $500 million (31% of deal...read more
Chinese e-commerce company Pinduoduo sets terms for $1.5 billion US IPO
Pinduoduo, a Chinese e-commerce company operating the Pinduoduo mobile platform, announced terms for its US IPO on Monday. The Shanghai, China-based company plans to raise $1.5 billion by offering 85.6 million shares at a price range of $16 to $19. Insiders...read more