Phoenix Tree goes below price range for $130m IPO

Jonathan Breen

January 20, 2020 07:15 am

NYSE_Wall_Street_alamy_230x150 — J2AB4K The New york Stock Exchange on the Wall street in New York. | Alamy Stock Photo

Chinese co-living platform Phoenix Tree priced its US listing below the initial marketed range and reduced the size of its IPO, raising $129.6m. Its stock had a volatile start to trading last Friday.

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Topics

JP Morgan Credit Suisse Equity IPOs Equity China Americas Citi Asia Greater China Northeast Asia Asia Pacific United States Emerging Markets North America

JB

Jonathan Breen

Equities editor GlobalCapital Asia