Sequoia-backed Chinese fintech Jianpu raises $180m in IPO, rises in U.S. debut

Sequoia-backed Chinese fintech Jianpu raises $180m in IPO, rises in U.S. debut

Photo by Adi Constantin on Unsplash

Shares of Jianpu Technology Inc rose as much as 3.8 percent in their U.S. market debut on Thursday, giving the Chinese online financial planning platform a market value of about $3.42 billion.

Jianpu‘s initial public offering of 22.5 million American depository shares was priced at $8.00 per ADS – below its proposed range of $8.50 to $10.50 – and raised $180 million.

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