Chinese tech firms get in line for US flotations

By John Loh
06 Sep 2018

Qutoutiao and 111 have launched their respective IPOs on the Nasdaq this week, while Liulishuo has headed to New York for a listing.

Tencent Holdings-backed Qutoutiao, a news aggregation platform whose name stands for “fun headlines” in Chinese, is seeking $144m. It started offering 16m American Depository Shares (ADS), through Citi, China Merchants Securities, Deutsche Bank, KeyBanc Capital Markets and UBS, on Wednesday.

The deal is being marketed at $7 to ...

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