Date
21 August 2018

China’s answer to Craigslist to test US IPO appetite, FT says

58.com, China’s answer to Craigslist, will test the appetite among US investors for Chinese stocks when it debuts on the New York Stock Exchange on Thursday, the Financial Times reports. The company, which booked US$107 million in sales for the 12 months to June 30, raised as much as US$187m after pricing its shares at US$17 each late on Wednesday, the report said. It initially filed to raise US$150 million via the sale of shares at a range of US$13 to US$15 each, it said.

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