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-0.000621504039776135 -0.00559353635798632 0.00310752019888134 0.00435052827843383 -0.00248601615910498 0.0348042262274706 0.0683654443753885 0.0969546302050965
Stock impact report

Perfect Diary parent shares jump 66% in debut [Reuters]

Yatsen Holding Limited American Depositary Shares, each representing twenty (20) Class A Ordinary Shares (YSG) 
Company Research Source: Reuters
Perfect Diary parent shares jump 66% in debut By Reuters Staff 1 Min Read (Reuters) - Shares of Yatsen Holding Limited YSG.N , the parent company of Guangzhou-based beauty unicorn Perfect Diary, soared 66% in their market debut on Thursday, after it raised about $617 million in its initial public offering. The firm’s shares opened at $17.51 per American Depositary Share (ADS), well above the IPO price of $10.50 per ADS. Earlier in the session, Yatsen had priced its offering of 58.75 million ADS on the New York Stock Exchange at the top end of its range of $8.50 to $10.50 per ADS. Founded in 2016, Yatsen has launched three fast-growing, cosmetics and skincare brands — Perfect Diary, Little Ondine, and Abby’s Choice. With chat groups, video streams and low prices for foundation, China's Perfect Diary emerged out of nowhere four years ago to become a cosmetics giant for the digital age, trailing only L'Oreal SA OREP.PA and LVMH LVMH.PA in the world's no. 2 market for make Show less Read more
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