Deals
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08/16/2023
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.