JD-Backed Electronics Reseller Aihuishou Gains 23% in Nasdaq IPO
Shares of used electronics reseller Aihuishou surged 22.3% on the first day of trading, indicating investors’ confidence in China’s secondhand devices market.
Aihuishou’s initial public offering on Nasdaq raised $261 million (23 billion yuan) with shares closed Friday at $17.21 a piece, giving the JD.com-backed company a total valuat…
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