Viomi Technology (VIOT) IPO Opens Higher
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Viomi Technology Co., Ltd Announces Pricing of Initial Public Offering
September 25, 2018 6:30 AM EDTGUANGZHOU, China, Sept. 25, 2018 (GLOBE NEWSWIRE) -- Viomi Technology Co., Ltd (Viomi or the Company) (NASDAQ: VIOT), a leading IoT @ Home technology company in China, today announced that it has priced its initial public offering of 11,400,000 American depositary shares (ADSs), at US$9.0 per ADS for a total offering size of approximately US$102.6 million, assuming the underwriters do not exercise their over-allotment option to purchase additional ADSs. Each ADS represents three Class A ordinary shares of the Company. The ADSs are expected to begin trading on the Nasdaq Stock Market today under the ticker symbol VIOT.
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