Ex-Googler and founder of Pinduoduo
China's social e-commerce player Pinduoduo updated its IPO prospectus previously filed with US Securities and Exchange Commission (SEC) on July 17, 2018. It plans to raise at best US$1.87 billion by offering 85.6 million American depositary shares (ADS). The price range is from US$16 to US$19 each.
The founder, ex-Googler, could soon have a US$8.3 billion fortune, making him among the 25 richest people in the country, according to the Bloomberg.
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