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China’s Newly-Public 36KR Stutters In Early Trading

Shares of 36KR, a China-based publishing and data company focused on the ‘new economy,’ struggled in early trading today, its first as a public company.

The company may sell another 200,000 shares to its underwriters if they so choose, possibly raising more capital in its IPO.

36KR priced the downsized offering at $14.50 per share, the bottom of its range, raising just over $20 million before fees and costs, making its IPO rather small.

As of the time of writing, 36KR is worth $13.80 per share, down about 5 percent.

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