Chinese webnovel site IPO at $11.6 billion USD

https://www.bloomberg.com/quote/772:HK

MARKET CAP (B HKD)
91.186

with the current exchange rate, that's $11.6 billion USD. CRAZY!!!


https://www.cnbc.com/2017/11/08/tenc...-in-debut.html


http://www.dw.com/en/china-literatur...ipo/a-41288841

http://technode.com/2017/11/08/china...e-stock-spike/



I wrote about its $10 million investment to expand translation into English (www.webnovel) in the other thread. Just found out that they IPO today.