China’s YY raises $81.9 million from Nasdaq IPO

The social network draws strong demand to become only the second Chinese company to list in the US this year.
<div style="text-align: left;"> YY users create virtual hangouts for concerts and other activities </div>
<div style="text-align: left;"> YY users create virtual hangouts for concerts and other activities </div>
November 22, 2012

YY, a video-based Chinese social network, has raised $81.9 million from its US initial public offering, after fixing the price at the bottom of the indicative range.

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