VC-backed 500.com revises IPO pricing, targets $86.5m
VC-backed Chinese online sports lottery provider 500.com has increased the indicative price range for its US IPO, putting the company on course to raise up to $86.5 million.
According to a regulatory filing, the Shenzhen-based online lottery platform offers a total of 5.8 million American Depository Shares (ADS) at $11-13 apiece, up from $9-11 per share. However, the target...
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