The Online Investor

Slideshow IPOs

By The Online Investor Staff, updated Fri., Jan. 24, 7:31 PM

Slide #1. Phoenix Tree Holdings Limited Initial Public Offering

Company: Phoenix Tree Holdings Limited
Proposed Symbol: DNK
Shares Offered: 9,600,000
Price Per Share: $13.50
Over-Allotment: 1,440,000
Description: Phoenix Tree Holdings Limited ("Danke" or the "Company") (NYSE: DNK), one of the largest co-living platforms in China with the fastest growth, today announced the pricing of its initial public offering of 9,600,000 American Depositary Shares ("ADSs"), each representing ten Class A ordinary shares of the Company, assuming the underwriters do not exercise their option to purchase additional ADSs, at US$13.50 per ADS. The ADSs will begin trading today on the New York Stock Exchange under the ticker symbol "DNK". The Company has granted to the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1,440,000 additional ADSs. The total gross proceeds of the offering are expected to be approximately US$129.6 million if the underwriters do not exercise their option and approximately US$149.0 million if the underwriters exercise their option to purchase additional ADSs in full.

IPOs: Phoenix Tree Holdings Limited

List of IPOs in this Slideshow: Company Ticker IPO Date GreenVision Acquisition Corp. GRNVU Amplitude Healthcare Acquisition CorporationAMHCU Software Acquisition Group Inc. SAQNU SiTime Corporation SITM Canaan Inc. CAN PropTech Acquisition Corporation PTAC Alpine Income Property Trust, Inc. PINE LMP Automotive Holdings, Inc. LMPX Healthcare Merger Corp. HCCOU Sprout Social, Inc. SPT Monopar Therapeutics Inc. MNPR Indonesia Energy Corporation INDO Molecular Data Inc. MKD I-Mab IMAB Phoenix Tree Holdings Limited DNK

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