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China’s gay app that is dating eyes Nasdaq IPO to grow offshore

It absolutely was around 20 years back whenever Baoli Ma hid in his bed room experiencing helpless and lonely if you are a man that is gay China.

Life has changed considerably for Ma subsequently. This week, BlueCity, the homosexual relationship and life style platform he created, has filed for a preliminary general general public listing on Nasdaq .

“To me personally, herein lies the effectiveness of the web — it empowers us to elevate ourselves, also to bring heat to other people across all corners around the globe staying in loneliness, helplessness and fear for their intimate orientation,” published Ma, leader regarding the business, when you look at the prospectus.

The organization stated it aims to boost $50 million through the IPO, whilst it hasn’t determined its offer cost for each depositary that is american (ADS). The arises from the offering that is public get towards investment in brand brand new technologies along with expansion in domestic and international areas, which presently take into account approximately half of the month-to-month users. Читать далее China’s gay app that is dating eyes Nasdaq IPO to grow offshore