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Pinduoduo to begin trading on Nasdaq

Published 07/26/2018, 03:32 AM
© Reuters.  Pinduoduo to begin trading on Nasdaq
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  • Pinduoduo has priced its U.S. IPO at $19 per American depositary share, raising $1.63B in the second- argest U.S. float by a Chinese firm in 2018.
  • The online group discounter is the latest to tap international capital markets to bolster coffers amid ever-intensifying competition with domestic rivals Alibaba (NYSE:BABA) and JD.com (NASDAQ:JD).
  • Pinduoduo will begin trading on the Nasdaq today under ticker symbol "PDD."
  • Now read: Pinduoduo Readies Plans For Monster U.S. IPO


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