China’s news and data site 36Kr tumbles in its stock market debut

China’s news and data site 36Kr tumbles in its stock market debut

4 years ago
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https://techcrunch.com/2019/11/08/36kr-nasdaq-debut/

36Kr, a Chinese news and data website that tracks startups, fell 10% in its Nasdaq debut on Friday.

The disappointing debut followed 36Kr’s decision to slash the size of its offering from 3.6 million shares to 1.4 million and pricing its shares at $14.5, the bottom of marketed range. This meant that the firm, which had initially aimed to raise as much as $100 million, settled for $20 million. A company top executive said that even as the offering is smaller, it has great confidence in its stock’s future performance.

China’s news and data site 36Kr tumbles in its stock market debut

Nov 9, 2019, 3:15am UTC
https://techcrunch.com/2019/11/08/36kr-nasdaq-debut/ > 36Kr, a Chinese news and data website that tracks startups, fell 10% in its Nasdaq debut on Friday. > The disappointing debut followed 36Kr’s decision to slash the size of its offering from 3.6 million shares to 1.4 million and pricing its shares at $14.5, the bottom of marketed range. This meant that the firm, which had initially aimed to raise as much as $100 million, settled for $20 million. A company top executive said that even as the offering is smaller, it has great confidence in its stock’s future performance.