REUTERS - June 16 - BlueCity Holdings, owner of China's biggest dating app for gay men, aims to raise $50M from an IPO of American depositary shares (ADSs). The offer price for each ADS is yet to be finalised, and it will be traded on the Nasdaq global market under the symbol "BLCT". Founded in 2011, BlueCity says it has 49M registered users in ~210 countries. It added that it has 6M monthly active users, 49% of them from outside China.
by Colin Qian & Meg Shen
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