Qutoutiao (QTT) IPO halted for volatility shortly after opening
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Qutoutiao Inc. Announces Pricing of Initial Public Offering
September 14, 2018 6:40 AM EDTSHANGHAI, China, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Qutoutiao Inc. (Qutoutiao or the Company) (NASDAQ: QTT), a leading mobile content aggregator in China, today announced that it has priced its initial public offering of 12,000,000 American depositary shares (ADSs), at US$7.00 per ADS for a total offering size of approximately US$84 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each four ADSs represent one Class A ordinary share of the Company. The ADSs are expected to begin trading on the NASDAQ Global Select Market under the ticker symbol QTT on September 14, 2018.
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