Chinese tech media site 36Kr Holdings goes public on Nasdaq

Xinhua | Updated: 2019-11-09 09:41
Liu Chengcheng, founder 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. [Photo/Xinhua]

Shares of 36Kr fell 9.93 percent to settle at 13.06 dollars around market close. Each ADS represents 25 Class A ordinary shares of the company.

The Beijing-based company has granted to the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 207,000 additional ADSs at the IPO price.

Often seen as the Chinese version of Silicon Valley's TechCrunch, the media site rose to fame by providing various news contents about the tech industry and startups fundraising, which the firm later labeled as "high-quality New Economy-focused content" and the foundation of its business.

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