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July 17, 2019, 8:48 a.m. EDT

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

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By Ciara Linnane

DOYU

Tencent-backed live-streaming company DouYu International Holdings Ltd. /zigman2/quotes/213233721/composite DOYU +2.31% 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.

/zigman2/quotes/213233721/composite
US : U.S.: Nasdaq
$ 7.54
+0.17 +2.31%
Volume: 1.77M
Oct. 18, 2019 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.50 billion
Rev. per Employee
N/A
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