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Chinese fimrs take lead in kicking off 2020 US IPO market

CNC
Added On January 20, 2020

Three Chinese companies started trading on the U.S. stock market this week, among the forerunners in kicking off the 2020 U.S. IPO market.

 
Take a look.
 
According to IPO information platform Renaissance Capital, in the week ending Jan. 17, four companies listed on the U.S. exchanges, including three Chinese issuers and a U.S. mortgage lender.
 
Phoenix Tree Holdings, a leading Chinese apartment rental service provider operating under the name of Danke Apartment, rang the New York Stock Exchange opening bell on Friday in celebration of its IPO.
 
The company, trading under the ticker symbol of DNK, announced its IPO of 9.6 million American depositary shares (ADS) at a price to the public of 13.5 U.S. dollars apiece. The stock closed flat on Friday.
 
LIZHI, rang the opening bell at the Nasdaq MarketSite in Times Square on Friday in celebration of its IPO. The company announced its IPO of 4.1 million ADSs at a price to the public of 11 U.S. dollars apiece.
 
Also on Friday, I-Mab, clinical-stage biopharma company in China, made its debut on the Nasdaq.