Deals 07/08/2020

Loop Capital Markets serves as joint bookrunner on the $85 million initial public offering of BlueCity Holdings Inc.

On July 8, 2020, BlueCity, a Chinese social and entertainment LGBTQ platform, raised $85 million in an initial public offering by issuing 2.65 million Class A ordinary shares.  Loop Capital Markets served as a joint bookrunner on the initial public offering.

The company intends to use the net proceeds of the offering for geographic expansion, investment in technology and development, and general corporate purposes.