Chinese tech firms get in line for US flotations

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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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