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.

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

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