IPO for Chinese Wealth Manager Jupai Holdings (JP) Trades Modestly Higher
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Jupai Announces Pricing of Initial Public Offering
July 15, 2015 9:50 PM EDTSHANGHAI, July 15, 2015 /PRNewswire/ -- Jupai Holdings Limited ("Jupai" or the "Company") (NYSE: JP), a leading third-party wealth management service provider in China, today announced that its initial public offering of 5,300,000 American Depositary Shares ("ADSs"), each representing six ordinary shares of the Company, was priced at $10.00 per ADS. The ADSs will begin trading on the New York Stock Exchange on July 16, 2015 under the symbol "JP."
Of the 5,300,000 ADSs being offered, 4,400,000 ADSs are being offered by Jupai, and an aggregate of 900,000 ADSs are being offered by... More
