BLCT News

Three biotechs, two Chinese issuers, and one SPAC went public this past week, led by preclinical oncology biotech Nkarta (NKTX), which popped 166% in the best first-day return for a $10+ million IPO since 2015. Some major news hit the IPO pipeline this week. Long-awaited IPO candidate Postmates chose to be acquired by Uber, secretive data...read more

BlueCity Holdings, a leading online LGBTQ community and dating platform in China, raised $85 million by offering 5.3 million ADSs at $16, within the range of $15 to $17. Co-founder and CEO Ma Baoli indicated on $5 million of the IPO. At pricing, the company commands a fully diluted market cap of $614 million. Central to the company's business is the Blued mobile...read more

Updated Monday, 7/6. Following the long weekend, two Chinese IPOs, two biotechs, and a SPAC are currently scheduled to list in the US in the week ahead, inlcuding China’s largest LGBTQ dating app BlueCity (BLCT). More deals could join the IPO calendar, based on a flurry of filing activity in June, including health insurance marketplace...read more

BlueCity Holdings, a leading online LGBTQ community and dating platform in China, announced terms for its IPO on Wednesday. In its latest filing, the company also removed CITIC as an underwriter and added Prime Number Capital and R.F. Lafferty & Co. The Beijing, China-based company plans to raise $85 million by offering 5.3 million ADSs at a price range of $15 to $17....read more