国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Biz Photos

Alibaba-backed Momo debuts on Nasdaq

Updated: 2014-12-12 08:35 (Xinhua)
Comments

Social networking platform Momo Inc, backed by e-commerce giant Alibaba, made its trading debut in New York on Thursday, raising $216 million for its US initial public offering.

The location-based application that lets users send text, photos or video to people nearby priced 16 million American depositary shares at $13.50 per share and opened at $14.25 a share on Nasdaq. Shares hit a high of $17.50 in the afternoon and closed at $16.90, a 25.18 percent increase.

"Our efforts in the past years have paid off, and we are very proud of this," said Tang Yan, CEO of Momo. "Many famous technology companies from China have listed on Nasdaq and we're very honored to join them."

Trading under the ticker MOMO, the company's public offering was jointly run by Morgan Stanley, Credit Suisse Securities, JP Morgan Securities and China Renaissance Securities.

It was the first Chinese tech IPO in the US since Alibaba's blockbuster stock sale in September, and will most likely be the last one of 2014. In addition to Alibaba, the year has seen a number of high-profile Chinese debuts, including social media site Weibo and e-commerce retailer JD.com.

Founded in 2011, Beijing-based Momo allows its 60.2 million active users to connect with each other through the application. Users can chat with others through the platform, finding people within their geographical vicinity or through shared-interest groups that are also location-based.

Alibaba-backed Momo debuts on Nasdaq

Tang Yan (C, front), founder and chief executive officer of China's mobile social networking platform Momo Inc. attends the ceremony of ringing the opening bell at the NASDAQ in New York, the United States, on Dec 11, 2014. China's mobile social networking platform Momo Inc. listed its shares Thursday on the NASDAQ global select market. The company announced that its initial public offering of 16 million American depositary shares (ADSs) was priced at $13.5 per ADS for a total offering size of $216 million dollars. [Photo/Xinhua]

Previous Page 1 2 3 4 5 6 7 Next Page

Photo
...
...
台中县| 盐源县| 晋江市| 温宿县| 南和县| 外汇| 新晃| 陕西省| 海口市| 拜泉县| 达拉特旗| 蛟河市| 城步| 双牌县| 齐齐哈尔市| 襄樊市| 古交市| 华宁县| 嘉定区| 吴忠市| 阳信县| 张家川| 登封市| 舟曲县| 泰宁县| 大理市| 苏尼特左旗| 呈贡县| 唐山市| 邵东县| 开远市| 霍林郭勒市| 隆子县| 铁岭县| 浦城县| 营山县| 渭源县| 山西省| 肇东市| 广州市| 雅安市|