Aurora Mobile Limited (JG) IPO Opens 6% Higher

Today's IPO for Aurora Mobile Limited (NASDAQ: JG) opened for trading at $9 after pricing 9,060,000 American Depositary Shares (“ADSs”) at US$8.50 per ADSs. Three ADSs represent two Class A common shares.

The underwriters have been granted an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1,359,000 additional ADSs from the Company and the selling shareholders at the initial public offering price less the underwriting discount.

Goldman Sachs (Asia) L.L.C., Credit Suisse Securities (USA) LLC, and Deutsche Bank Securities Inc. are acting as joint bookrunners for the offering.

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