Home / Market News / Tencent-backed DouYu prices IPO at $11.50 to raise $775 million: Reuters

Tencent-backed DouYu prices IPO at $11.50 to raise $775 million: Reuters

Tencent-backed live-streaming company DouYu International Holdings Ltd. priced its initial public offering at $11.50 per American Depositary Share, the low end of its $11.50 to $14.00 price range, Reuters reported. The company sold 67.4 million ADS to raise $775 million, according to Reuters. It has applied to list on Nasdaq, under the ticker symbol “DOYU. Every 10 ADS is equal to one ordinary share. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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