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LGBTQ community Blue City brothers once soared more than 124% in the market

via:CnBeta     time:2020/7/9 3:03:57     readed:85

On July 9, it was reported that the LGBTQ community blue city was officially listed on NASDAQ. The opening price of the trading day was $20.45/ads, up 27.8% from the issue price of $16 / ads. At the opening price, the market value of Blue City brothers is $784.7 million. Its share price has broken three times, rising 124% to $35.89. By the end of the press, Blue City brothers newspaper 26.50 dollars


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In this IPO, Blue City brothers will issue 5.3 million ads shares with a financing amount of 84.8 million U.S. dollars. If it is over allocated, it will reach 97.5 million US dollars at most.

As of the first quarter of 2020, blued has more than 49 million registered users worldwide, covering more than 210 countries and regions, with an average monthly live user of 6 million. Among them, the number of overseas monthly live users accounts for more than 49%, which is already the largest online LGBTQ community in India, South Korea, Thailand and Vietnam.

According to the prospectus disclosed, the revenue of Blue City brothers in 2018, 2019 and the first quarter of 2020 were respectively 501 million yuan, 759 million yuan and 207 million yuan. The net losses in the same period were 140 million yuan, 52.93 million yuan and 7.61 million yuan respectively.


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