China’s Pinduoduo prices U.S. IPO at top of range, raises $1.6 billion: sources

China’s Pinduoduo raises $1.6 billion in range-topping U.S. IPO: sources
July 25, 2018
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HONG KONG (Reuters/IFR) – Chinese online group discounter Pinduoduo Inc priced its U.S. initial public offering (IPO) at $19 per American depositary share (ADS), raising $1.63 billion in the second-biggest U.S. float by a Chinese firm this year, according to three people familiar with the situation.