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March 26, 2021, 9:13 a.m. EDT

Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion

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By Tomi Kilgore

Zhihu Inc. /zigman2/quotes/225646145/composite ZH -5.75% announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion. The IPO was expected to price between $9.50 and $11.50 a share. The stock is expected to begin trading on the NYSE under the ticker symbol "ZH." The company is going public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -4.18% has dropped 11.8% over the past three months while the iShares MSCI China ETF /zigman2/quotes/206267952/composite MCHI +0.11% has edged up 2.2% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.82% has gained 5.6%.

/zigman2/quotes/225646145/composite
US : U.S.: NYSE
$ 8.03
-0.49 -5.75%
Volume: 3.18M
May 6, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$4.85 billion
Rev. per Employee
$118,660
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 55.53
-2.42 -4.18%
Volume: 781,170
May 6, 2021 4:00p
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/zigman2/quotes/206267952/composite
US : U.S.: Nasdaq
$ 80.85
+0.09 +0.11%
Volume: 2.71M
May 6, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,201.62
+34.03 +0.82%
Volume: 2.24B
May 6, 2021 5:28p
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