China's Pinduoduo raises $1.6 billion in range-topping U.S. IPO: sources

China's Pinduoduo raises $1.6 billion in range-topping U.S. IPO: sources

6 years ago
Anonymous $RBasgWKaIV

https://www.reuters.com/article/us-pinduoduo-ipo/chinas-pinduoduo-raises-1-6-billion-in-range-topping-u-s-ipo-sources-idUSKBN1KG05J

HONG KONG (Reuters/IFR) - Chinese online group discounter Pinduoduo Inc priced its U.S. initial public offering (IPO) at $19 per American depositary share (ADS), raising $1.63 billion in the second-biggest U.S. float by a Chinese firm this year, according to two people familiar with the situation.