Jianpu Technology Inc. (NYSE:JT)

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Thursday, November 16, 2017

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China IPO - Jianpu Technology Inc. (NYSE: JT), an independent open platform for discovery and recommendation of financial products in China, announced the pricing of its IPO at US$8.00 per ADS for a total of 22.5 million ADSs, an aggregate offering size of US$180 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each two ADSs represent five Class A ordinary shares. The company’s ADSs will start trading on NYSE today under the symbol "JT". The implied market cap after IPO is approximately US$1.5 billion. The company is still losing money as of the first half of 2017.



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