A week ago, Deutsche Bank Securities started coverage on Qutoutiao with a similar "Hold" rating with $8.30 in target price.
The Hangzhou-based company, a provider of education programs and management services, said revenue climbed 37 percent to a record $176.7 million for the year.
On debut day, shares in Studio City spiked as high as 47 percent intraday, then closed at $15.50 per share, up 24 percent.
Reuters Data Temporarily Unavailable
Despite strong third-quarter results, Lenovo has experienced turbulence after Bloomberg's spying report.
The Chinese Sichuan-style spicy restaurant is set to raise nearly $1 billion in its IPO this week.
The Tencent-backed delivery and services platform landed a $4.2 billion IPO, trailing closely behind Xiaomi's July listing.
China's largest payment apps said on Thursday that Apple IDs were used to hack into their customers' accounts to swipe funds.
The Hong Kong-based company plans to sell 28.8 million ADSs at up to $12.50 per share on the NYSE as "MSC."
Despite the lack of news, the company has seen its fortunes slide continuously since a dramatic run-up the day after it went public three weeks ago when it raised $1 billion.
CooTek's management said they were “thrilled” about its public float in New York in an interview with CapitalWatch.
Banma said this fundraising gave the company a valuation of over $1 billion.