Zhihu Raises $772M From IPO, Private Placement At $9.5 Per Share

Chinese online content community Zhihu Inc ZH priced 55 million shares at $9.5 per share in its initial public offering (IPO) to raise gross proceeds of $522.5 million.

  • Two ADSs represent one Class A ordinary share company share. The shares will begin trading on the NYSE under the ticker symbol "ZH" today.
  • The underwriters have a 30-day option to purchase additional shares up to 8.25 million.
  • Credit Suisse Securities (USA) LLC, Goldman Sachs (Asia) L.L.C., and J.P. Morgan Securities LLC are the joint representatives of underwriters and lead joint bookrunners for the offering.
  • Certain investors will purchase $250 million shares, including $100 million by Alibaba Group Holding Ltd BABA affiliate Taobao China Holding Limited, $100 million by JD.Com Inc JD affiliate Purus Innovation Limited, $30 million by Zhihu stakeholder and Tencent Holdings Ltd TCEHY affiliate Image Frame Investment (HK) Limited, and $20 million by Lilith Games affiliate Lilith Limited in private placement transactions.
Loading...
Loading...
ZH Logo
ZHZhihu Inc
$3.94-%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
74.47
Growth
29.08
Quality
-
Value
91.79
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Posted In:
Comments
Loading...