Chinese streaming platform trades flat after $775m US IPO
Chinese game live-streaming platform Douyu International Holdings closed flat on its first day of trading on NASDAQ following a $775 million IPO – the largest US offering by a Chinese company this year.
The company sold 44.9 million American Depository Shares (ADS) for $11.50 apiece, which represented the bottom end of the indicative range. Douyou filed its listing application in April but then delayed...
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