Pinduoduo Announces Pricing of Initial Public Offering
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Pinduoduo (PDD) IPO Opens 39% Higher
July 26, 2018 11:00 AM EDTToday's IPO for Pinduoduo (NASDAQ: PDD) opened for trading at $26.50 after pricing its initial public offering of 85,600,000 American Depositary Shares ("ADSs") (equivalent of 342,400,000 Class A ordinary shares) at a price of US$19 per ADS.
Credit Suisse, Goldman Sachs, CICC and China Renaissance acted... More
