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DouYu Opens Below IPO Price

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DouYu Opens Below IPO Price

DouYu International (NASDAQ: DOYU) made its public debut Wednesday morning, opening at $11.02 after being priced at $11.50 per ADS share.

DouYu is a Chinese video-game live-streaming platform and a pioneer in esports value chain. The company operates its platform on PC and mobile apps, providing an interactive and immersive gaming experience.

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See Also: DouYu International IPO: What You Need To Know

Morgan Stanley, JPMorgan, Bank of America Merrill Lynch and CMBI are the underwriters for the offering.

The stock traded around $11.27 per share at time of publication.

Posted-In: News IPOs Best of Benzinga

 

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