Deals
Chinese LGBTQ Dating App BlueCity Shares Jump in U.S. Debut
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The owner of Blued, China’s biggest LGBTQ dating app, climbed 46% in its trading debut after raising $85 million in a U.S. initial public offering.
BlueCity Holdings Ltd.’s shares, which rose as much as 124% earlier Wednesday, closed at $23.43 in New York trading. The Beijing-based company had sold 5.3 million shares at $16 each.