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Stock impact report

DouYu International Holdings Limited Announces Pricing of Initial Public Offering

DouYu International Holdings Limited - American Depositary Shares (DOYU) 
Last douyu international holdings limited - american depositary shares earnings: 3/19 02:00 am Check Earnings Report
Company Research Source: PR Newswire
WUHAN, China, July 17, 2019 /PRNewswire/ -- DouYu International Holdings Limited ("DouYu" or the "Company") (Nasdaq: DOYU), a leading game-centric live streaming platform in China and a pioneer in the eSports value chain, today announced the pricing of its initial public offering of 67,387,110 American Depositary Shares ("ADSs") at US$11.5 per ADS. Every ten ADSs represent one ordinary share. The ADSs will begin trading on July 17, 2019 on the Nasdaq Global Select Market under the symbol "DOYU". Of the 67,387,110 ADSs being offered, 44,924,730 ADSs are offered by the Company, and 22,462,380 ADSs are offered by the selling shareholders, assuming the underwriters do not exercise their over-allotment option. The Company and the selling shareholders have granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 10,108,060 additional ADSs. The total gross proceeds of the offering are expected to be approximately US$775.0 million Show less Read more
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