China's Liulishuo posts modest gain following $72m US IPO
Liulishuo, a Chinese English language learning app that uses artificial intelligence (AI) to deliver customized teaching solutions for adults, ended its first day of trading on the New York Stock Exchange up 1.2%.
The company sold 5.75 million American Depositary Shares (ADS) at $12.50 apiece – the midpoint of the indicative range – to raise $71.9 million in its IPO, according to a statement. There is an overallotment...
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