PE-backed Perfect Diary jumps 75% on debut after $616m IPO
Yatsen Holding, the parent company of Chinese cosmetics brand Perfect Diary, gained 75% on its first day of trading on the New York Stock Exchange following a $616.9 million IPO.
The company, which counts Hillhouse Capital, The Carlyle Group and Warburg Pincus among its backers, sold 58.8 million American Depository Shares (ADS) for $10.50 apiece, the top end of the indicative...
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