Tencent, Ping An and Bertelsmann-backed e-commerce platform Mogu has floated on the New York Stock Exchange in a $66.5m initial public offering.

Mogu, the China-based owner of fashion e-commerce platform Mogujie, has secured $66.5m in an initial public offering on the New York Stock Exchange that gave exits to corporates Bertelsmann, Ping An and Tencent.

The company issued 4.75 million American depositary shares, each representing 25 class A ordinary shares, at a price of $14 each, at the foot of the IPO’s $14 to $16 range.

The shares opened at $12.07 on Thursday morning and reached a peak of $14.21 on…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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