September 23, 2016

Gridsum Holding (GSUM) IPO Opens Up 17%

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September 23

Today’s IPO for Gridsum Holding Inc. (NASDAQ: GSUM) opened for trading at $15.25 after pricing its initial public offering of 6,700,000 American depositary shares (ADSs) was priced at US$13.00 per ADS.

Goldman Sachs (Asia) L.L.C., Citigroup Global Markets Inc. and Stifel, Nicolaus & Company, Incorporated acted as joint bookrunners for the offering…Read More