Alibaba-backed social commerce platform Ruhnn raises $125m in IPO

Alibaba-backed social commerce platform Ruhnn raises $125m in IPO

Photo by Sam McGhee on Unsplash

Ruhnn Holding, an Alibaba-backed Chinese e-commerce platform for social media influencers, has raised about $125 million in a US initial public offering after pricing 10 million American depositary shares (ADSs) at $12.50 million each.

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