Wanda Sports Group Co. debuted on the NASDAQ on Friday July 26, and was subsequently pummeled by investors, falling 36% from its opening IPO price.
Douyu TV, the largest game-centric live streaming platform in China, has updated the terms of its IPO in its prospectus. The Wuhan-based firm said it will offer a total 67.4 million shares, of which 44.9 million American depository shares and 22.5 million shares offered for sale by current stakeholders.
China officially inaugurated its highly anticipated science and technology innovation board at the Shanghai Stock Exchange (SSE) on June 13, a milestone in the country’s capital market development.
Trade tension between the U.S. and China exacerbates as Steve Bannon, former White House chief strategist, says driving out Huawei is more important than the trade deal.
On April 23, Luckin Coffee, the Chinese Starbucks challenger, filed for official IPO to the U.S. Security Exchange Commission, with the ticker symbol ‘LK’.
On Apr. 3, Ruhnn, an Alibaba-backed Chinese influencer startup went listed on NASDAQ, with a ticker symbol of “RUHN” and issuing price of $12.5. The total financing is expected to reach $1,250 million.
On Nov. 5 2018, Chinese president Xi Jinping delivered a speech at the opening ceremony of the first China International Import Expo in Shanghai. He proclaimed that the Shanghai Stock Exchange is ready to launch the “Science and Technology Innovation Board” with a registration-based system for listed companies.