ASSOCIATED PRESS - May 11 - Jiayuan.com International Ltd operates the largest online dating site in China. The company raised $78.1 million with its IPO, however the stock fell 48 cents, or 4.4%, during its first day of trading. The company priced its offering of 7.1 million American depositary shares at $11 each, with every two of these shares representing three ordinary shares of the company. Underwriters have the option to buy an additional 1,065,000 American depositary shares from shareholders, which would raise the IPO total to $89.8 million.
The full article was originally published at Forbes, but is no longer available.
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