<article><p>Chinese content aggregator Qutoutiao Inc, which is backed by technology giant Tencent Holdings Ltd, filed for an initial public offering of up to $300 million with the U.S. Securities and Exchange Commission on Friday.</p></article>

<p>Chinese content aggregator Qutoutiao Inc, which is backed by technology giant Tencent Holdings Ltd, filed for an initial public offering of up to $300 million with the U.S. Securities and Exchange Commission on Friday.</p>
<p>Qutoutiao, which means &#8220;fun headline&#8221;, collects articles and short videos from professional media and freelancers and presents customized feeds to users on its namesake mobile application.</p>
<p>The company ranks fourth among the news apps in Apple&#8217;s Chinese App Store, after Toutiao, Alibaba&#8217;s UC Web Browser and Tencent News.</p>
<p>Qutoutiao, which counts Chinese internet search giant Baidu as its largest customer, said in its preliminary filing that it had 32.1 million monthly average users in the quarter ended June 30.</p>
<p>The Shanghai-based company said it plans to have its American Depository Shares listed on the Nasdaq under the ticker symbol &#8220;QTT&#8221;.</p>
<p>The filing did not reveal how many shares the company planned to sell or their expected price.</p>
<p>The amount of money a company says it plans to raise in its first IPO filing is usually a placeholder. The final size of the IPO could be different.</p>
<p>Citigroup Global Markets, Deutsche Bank Securities, China Merchants Securities (HK) Co Ltd and UBS Securities and KeyBanc Capital Markets are the underwriters for the IPO.</p>
<h4>Reuters</h4>


Chinese content aggregator Qutoutiao Inc, backed by tech giant Tencent Holdings Ltd, filed for IPO of up to $300 million with US Securities and Exchange Commission.

Tencent-backed Chinese content aggregator Qutoutiao files for U.S. IPO to raise up to $300m

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Tencent-backed Chinese content aggregator Qutoutiao files for U.S. IPO to raise up to $300m

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