Yatsen jumps 75% on NYSE debut

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By Rashmi Kumar
20 Nov 2020

Chinese cosmetics company Yatsen Holdings saw its shares spike 75% on their New York Stock Exchange debut on Thursday, after the firm priced its IPO at the top of the marketed range.

Yatsen listed with 58.75m American depositary shares at a price of $10.50, following a short marketing period this week at a range of $8.50 to $10.50. At final pricing, the company raised $616.9m.

There is also an over-allotment of 8.8m ADS, which can be exercised ...

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