On Thursday, iQiyi officially listed on the NASDAQ, the stock code "IQ", the opening price of 18.2 US dollars, an increase of 1.11%, IPO pricing of 18.00 US dollars / ADS, issued 125 million ADS.
However, shortly after the opening, iQiyi's share price began to turn down. As of press time, it has fallen below the $18 IPO price to $17.64 per share, a 2% drop. The biggest decline in intraday trading reached 5% at $17/share. Yesterday, B stood in the US listing and was also broken.
According to the iQiyi prospectus data, iQiYi's main income consists of advertising revenue and paid member income. Among them, online advertising revenue increased from 5,650,400 million in 2016 to 8.158 billion in 2017, an increase of 44.4%.
As for members, as of February 28, the number of iQiyi members reached 60.1 million, and the membership income in 2017 was 6.536 billion yuan, an increase of 73.7% from the 3.762 billion in 2016. Beyond Netflix's current number of locally paid members.
SD"brand is renowned for a full seriers of faux fur belonging to Wuxi Shuangda Plush Co., Ltd. Faux fur products, looking similar to natural animal fur, combine the luxury and fashion .
The upscale faux fox fur and knitting wool products reach the domestic and international high level. Products have been exported to the United States, Australia, Japan, Russia and Vietnam. In addition, according to the report from international accredited testing institutions, the test of formaldehyde in some products is ND level. The company receives high praise from the international specialists.
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