Chinese online group discounter Pinduoduo Inc. priced its US initial public offering (IPO) at US$19 per American depositary share (ADS),raising US$1.63 billion in the moment-biggest US float by a Chinese firm this year, Reuters reports, and citing people familiar with the situation. The pricing values money-losing Pinduoduo,which counts Chinese internet giant Tencent Holdings as […]
Source: ejinsight.com