The company raised $36.75 million after pricing its initial public offering (IPO) at $10.50 per American Depositary Share (ADS).
Should The We Company follow through with an IPO by year end after filing preliminary paperwork, it would likely be the largest IPO in 2019 after Uber
Its weak debut has cast a pall on potentially the future of the ride-hailing industry.
The holding company for businesses, Travelex Holdings Ltd and the UAE Exchange Centre LLC, could opt to restructure or delay the IPO, sources said.
Uber last raised money from Toyota in August at a valuation of $76 billion.
Rest of Asia
The tech bets have helped drive Rakuten's shares up 56% this year, making it one of the top performers in the Nikkei 225 index.
The move would help AB InBev reduce its debt and pursue acquisition opportunities.
The Chinese firm, which claims to be the country's third-largest online K-12 after-school tutoring service provider, plans to trade on the NYSE.
Indonesia may witness seven startup IPOs this year. In comparison, five startups went for an IPO in the last two years, raising a total of $125 millio
The pricing values Uber at about $82 billion, a considerable climb down from earlier projections of as much as $120 billion.
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