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Onion Global Prices IPO At Low End of Expected Range

05/07/2021 10:54

02:40 PM EDT, 05/07/2021 (MT Newswires) -- Onion Global (OG) said Friday it has priced its initial public offering of 9.31 million American depositary shares at $7.25 apiece for an aggregate offering size of about $67.5 million.

The company expected to price its IPO between $7.25 and $9.25.

Underwriters have an option to purchase up to an additional 1.4 million shares.

Every 10 ADSs represent one class A ordinary share. The ADSs are anticipated to commence trading on the NYSE Friday under the ticker symbol OG.

The IPO is set to close May 11, subject to customary closing conditions.

Price: 6.22, Change: -1.03, Percent Change: -14.21