36Kr Holdings Inc, an Ant Financial-backed Chinese tech news portal, has set the terms for its initial public offering (IPO) on the US stock market, with plans to raise $63 million at the upper end of the expected range.
According to its filing with the US Securities and Exchange Commission, the Beijing-based company seeks to sell 3.6 million American depositary shares (ADSs) priced at between $14.50 and $17.50 each. Each ADS represents 25 ordinary shares.
