Dragon Victory International’s (NASDAQ: LYL) ordinary shares began trading on the NASDAQ Capital Market on Friday, October 20, following the close of the company’s initial public offering (IPO). Boustead Securities, LLC acted as the lead underwriter for the offering, marking its third Nasdaq IPO of a Chinese company this year, all of which have been ranked among the top-performing IPOs of 2017. Dragon Victory had an impressive first day as shares began trading at $7.39 on Friday and climbed to $13.67, rising 128% during the company’s NASDAQ debut. “We are very excited with our first trading performance. Our team has worked diligently to list on the NASDAQ Stock Exchange, which is an important milestone in the evolution of Dragon Victory,” Dragon Victory chairman and CEO Yu Han stated in the news release.
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About Dragon Victory International Limited
Incorporated in 2015 and headquartered in Hangzhou, Dragon Victory International Limited (“LYL”) offers reward-based crowdfunding opportunities in China to entrepreneurs and funding sources through a fast growing reward-based crowdfunding platform. The online reward-based crowdfunding platform, 5etou, at www.5etou.cn and designed to enable small and medium sized companies, start-up companies and idea generators to raise funding from participants through the Internet. The company also provides quality business incubation services and financial services to entrepreneurs and business entities with funding needs utilizing its crowdfunding platform. For more information about the company, visit www.dvintinc.com
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