VC-backed Huya gains on US trading debut after $180m IPO
Huya, a Chinese game broadcasting business that spun out from social networking platform YY, gained 33.8% on its New York Stock Exchange trading debut following a $180 million IPO.
The company sold 15 million American Depository Shares (ADS) at $12 apiece, the top end of the indicative range, according to a filing. The stock peaked at $16.74 on May 11 before falling back slightly...
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