Gridsum Holding (GSUM) IPO Opens Up 17%

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Go back to Gridsum Holding (GSUM) IPO Opens Up 17%

Gridsum Announces Pricing of Initial Public Offering

September 23, 2016 8:00 AM EDT

BEIJING, Sept. 23, 2016 (GLOBE NEWSWIRE) -- Gridsum Holding Inc. (Gridsum or the Company) (NASDAQ: GSUM), a leading provider of sophisticated data analysis software in China, today announced that its initial public offering of 6,700,000 American depositary shares (ADSs) was priced at US$13.00 per ADS, with a total offering size of US$87.1 million, assuming no exercise by the underwriters of their option to purchase additional ADSs. Each ADS represents one Class B... More