LIZHI (LIZI) IPO Opens Flat

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LIZHI INC. Announces Pricing of Initial Public Offering

January 17, 2020 5:01 AM EST

GUANGZHOU, China, Jan. 17, 2020 (GLOBE NEWSWIRE) -- LIZHI INC. (LIZHI or the Company) (NASDAQ: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, today announced that it has priced its initial public offering of 4,100,000 American depositary shares (ADSs), at US$11.0 per ADS for a total offering size of approximately US$45.1 million, assuming the underwriters do not exercise their over-allotment option to purchase any additional ADSs. Each ADS represents twenty Class A ordinary shares of the Company. The ADSs are expected to begin trading on the Nasdaq Global Market today under the... More