<strike id="gegfc"><dl id="gegfc"></dl></strike>
<sub id="gegfc"></sub>

    <mark id="gegfc"></mark>

      Chinese e-commerce platform Pinduoduo debuts on Nasdaq

      Source: Xinhua| 2018-07-27 03:23:42|Editor: Li Xia
      Video PlayerClose

      NEW YORK, July 26 (Xinhua) -- Chinese online group discounter Pinduoduo Inc. started trading on Nasdaq Stock Market on Thursday.

      The company, trading under the ticker symbol of "PDD", announced its IPO of 85,600,000 American depositary shares (ADSs) at a price to the public of 19.0 U.S. dollars per ADS for a total offering size of approximately 1.63 billion dollars, assuming the underwriters do not exercise their option to purchase additional ADSs.

      Each ADS represents four Class A ordinary shares of the Company.

      Pinduoduo started trading at 26.50 U.S. dollars per share on Thursday, climbing 34.37 percent from its pricing, and was traded at 25.53 dollars apiece around midday.

      The fund raised will be used mainly to expand the company's business operations, promote research and development, and enhance its technology infrastructure, said its prospectus.

      Founded in 2015, the e-commerce platform provides buyers with value-for-money merchandise and interactive shopping experiences.

      It has become one of the leading Chinese e-commerce players in terms of gross merchandise volume (GMV) and the number of total orders.

      Its GMV in the twelve-month period ending June 30, 2018 was 262.1 billion yuan. Meanwhile, the number of total orders placed on Pinduoduo mobile platform reached 7.5 billion during the same period, according to its prospectus.

      Credit Suisse, Goldman Sachs, China International Capital Corporation and China Renaissance acted as joint bookrunners for the offering.

      TOP STORIES
      EDITOR’S CHOICE
      MOST VIEWED
      EXPLORE XINHUANET
      010020070750000000000000011100001373505231
      中文字幕日韩无线码在线一区_制服肉丝亚洲中文字幕_日韩欧美无砖专区一中文字目_国产精品点击进入在线影院高清
      <strike id="gegfc"><dl id="gegfc"></dl></strike>
      <sub id="gegfc"></sub>
      
      
        <mark id="gegfc"></mark>
          亚洲欧美日韩国产精品蜜月a | 亚洲一级一级一区二区 | 亚洲天堂中文字幕一区二区 | 色老板精品视频在线观看 | 亚洲AⅤ鲁丝一区二区三区 日韩欧美综合一区二区 | 亚洲欧美日韩愉拍自拍美利坚 |