China's Zhihu completes $522m IPO, endures volatile debut
Chinese question-and-answer platform Zhihu endured a difficult New York Stock Exchange debut, closing at a 10.5% discount to its IPO price on a day when US-listed Chinese stocks fluctuated wildly.
The company – which counts Alibaba Group, Tencent Holdings, and JD.com among its backers – raised $522.5 million through its offering, having sold 55 million American Depository Shares (ADS) at $9.50...
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