|Bid||27.50 x 1800|
|Ask||27.68 x 1200|
|Day's Range||26.90 - 28.08|
|52 Week Range||16.53 - 31.18|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.40|
The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling. Takeaways From ...
SHANGHAI, China, Feb. 08, 2019 -- Pinduoduo Inc. (“Pinduoduo” or the “Company”) (NASDAQ:PDD), an innovative and fast growing “new-ecommerce” platform and one of the leading.
Chinese e-commerce newcomer Pinduoduo Inc (NASDAQ: PDD) seeks to finance an operational expansion by raising $1 billion. "The pursuit and focus of our long-term vision and intrinsic value may not always translate into near-term profits.
The Shanghai-based company plans to sell 37 million American depository shares, while investors market 14.8 million, according to a securities filing. The lockup period for PDD’s shares expired last month and the selling shareholders include Banyan Partners, Sun Vantage Investment and Lightspeed China. PDD has seen revenue soar since its founding in 2015, challenging the conventional wisdom that e-commerce giants Alibaba Group Holding Ltd. and JD.com Inc. had an unassailable lead in the market.
The secondary event will also see a number of existing backers sell a portion of their stock, those sellers including Sequoia China, Lightspeed China and Banyan, according to a filing. Founded in September 2015 by ex-Googler Colin Huang, it adds a social twist to e-commerce by offering discounts for shoppers who gang up with friends or family to make group orders.
The Shanghai-based company expects to net proceeds of at least $1.1bn from the sale of 37m American depositary shares. A further 14.8m shares are being sold by existing shareholders, including Banyan Partners, Sun Vantage Investment and Lightspeed China Partners. for China’s tech sector, with start-ups settling for lower funding and valuations than they had hoped, as investor sentiment has soured over China’s slowing economic growth and ongoing trade war with the US.
Pinduoduo Inc. said late Tuesday that it planned to sell 37 million of its American Depositary Shares. Pinduoduo stock was down 6.9% in after-hours trading Tuesday. The Chinese e-commerce company also said several shareholders plan to sell 14.8 million American Depositary Shares and that the underwriters would have 30 days to buy an additional 7.8 million shares. Goldman Sachs, Morgan Stanley, BofA Merrill Lynch, CICC and China Renaissance are acting as joint bookrunners for the deal. Pindoudou stock closed up 1.3% Tuesday as the S&P 500 index rose 0.5%.
Pinduoduo Inc. (“Pinduoduo” or the “Company”) (PDD), an innovative and fast growing “new-ecommerce” platform and one of the leading Chinese e-commerce players, today announced that it intends to offer and sell 37,038,000 American Depositary Shares (“ADSs”), each representing four Class A ordinary shares of the Company, and several shareholders (the “selling shareholders”) to offer and sell 14,815,000 ADSs, subject to market and other conditions, in an underwritten public offering. The underwriters will have a 30-day option to purchase up to an aggregate of 7,777,950 additional ADSs from the Company and the selling shareholders. The Company expects to use the net proceeds from the proposed offering to enhance and expand its business operations, for research and development, and for general corporate purposes and working capital, including potential strategic investments and acquisitions.
Pinduoduo Inc.'s (NASDAQ:PDD): Pinduoduo Inc. operates an e-commerce platform in the People's Republic of China. The US$28b market-cap posted a loss in its most recent financial year of -CN¥498.7m and Read More...
Finger Motion, Inc. (OTC Markets: FNGR), a mobile payment and recharge platform company, today announced its financial results for the third quarter ended November 30, 2018. For the period ending November 30, 2018, FingerMotion Inc., recorded Gross Transaction Value (GTV) of RMB 597,123,595 (USD 88 million) on its Mobile Payment and Recharge services in China. These results are for the 45 day period of October 16, 2018 through November 30, 2018. Based on this time period the 12 month run rate of GTV without any contribution from PingDuoDuo (PDD) is RMB 4.843 billion (USD 712 million). Company onboarded more than 30 local digital platform providers offering its Mobile Payment and Recharge services in China. Channel partners signed agreements, to offer direct payment and recharge services to China Unicom subscribers in different provinces of China.
(Bloomberg) -- Coupons worth tens of millions of yuan were stolen Sunday morning after hackers used a vulnerability in Pinduoduo Inc.’s platform.
BEIJING (Reuters) - Chinese online group discounter Pinduoduo Inc (PDD.O) said on Sunday that an online collective exploited a loophole on its platform to "steal" tens of millions of yuan worth ...
The number of companies engaged in initial public offerings (IPOs) in the U.S. in 2018 far surpassed rates in 2017 and 2016. The first three quarters of the year brought about 173 IPOs, raisinga combined $45.
NEW YORK, NY / ACCESSWIRE / January 10, 2019 / U.S. markets rose for the fourth consecutive session on Wednesday as minutes released from the Federal Reserve's meeting in December showed the Fed would ...
In China, the number 8 is a omen of good luck and prosperity. Indeed about 30 Chinese companies reaped over $9 billion in capital, going public in the U.S. markets in 2018, but the investors in many of these deals have not fared as well.
Investors gripe that highly valued tech companies are eschewing the public markets and opting to remain private for longer. In 2019 some of the hottest names among the tech unicorns, including Uber Technologies Inc., Lyft Inc. and Slack Technologies Inc. are considering IPOs.
Shares of China-based music streaming company Tencent Music Entertainment rose about 11 percent in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry. Spotify is an investor in the Chinese company. The IPO raised $1.1 billion in proceeds and is one of the largest by a Chinese company in the United States this year, behind the $2.4 billion raised by video streaming company iQiyi , the $1.6 billion garnered by online group discounter Pinduoduo and the $1.15 billion by electric vehicle maker NIO Inc.
(Updates sourcing, paragraphs 1-2, 4) By Joshua Franklin and Julia Fioretti NEW YORK/HONG KONG, Dec 12 (Reuters) - China-based music streaming company Tencent Music Entertainment Group said it raised close ...
Tencent Music, the music streaming arm of Chinese tech behemoth Tencent Holdings (TCEHY), will price its U.S. initial public offering at $13 per share, the low end of its range, according to a source cited by The Wall Street Journal.
HONG KONG/NEW YORK, Dec 3 (Reuters) - Tencent Music Entertainment launched its hotly-anticipated U.S. initial public offering (IPO) of up to $1.2 billion on Monday after global stock markets were boosted by a truce brokered by U.S. and Chinese leaders in their trade conflict. The music arm of tech giant Tencent Holdings is looking to raise between $1.07 billion and $1.23 billion in a New York Stock Exchange IPO, according to a filing with the U.S. Securities and Exchange Commission.