Chinese tech media site 36Kr Holdings goes public on Nasdaq

Xinhua | Updated: 2019-11-09 09:41
Feng Dagang, CEO and co-chairman of 36Kr Holdings Inc, delivers a speech after the first trade of the company's ADS in Nasdaq Stock Exchange in New York, the United States, on Nov 8, 2019. 36Kr Holdings Inc, an online media publisher or China's equivalent to TechCrunch in the United States, made public debut on the Nasdaq Global Market on Friday under the ticker symbol KRKR. [Photo/Xinhua]

NEW YORK -- 36Kr Holdings Inc, an online media publisher or China's equivalent to TechCrunch in the United States, made public debut on the Nasdaq Global Market on Friday under the ticker symbol KRKR.

The company priced its initial public offering (IPO) of 1,380,000 American Depositary Shares (ADSs) at $14.5 apiece, the low end of its previously announced price interval, 36Kr said in a statement on Friday.

Total deal size of the IPO would reach approximately 20 million dollars, assuming the underwriters do not exercise their over-allotment option to purchase additional ADSs.

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