iDreamSky Co-founder Jeff Lyndon Talks About IPO As Company Stock Begins Trading on Nasdaq

Jeff Lyndon at TechCrunch Shanghai 2013

Whilst Chinese tech companies flock to the U.S. stock market this year, Chinese game publisher iDreamSky also made its mark on the 2014 IPO market. One month after filling for U.S. IPO, iDreamSky (DSKY: NASDAQ) stock began trading yesterday, offering 7.7 million American depositary shares at an initial public offering of US$15.00, above the preliminary US$12.00 to US$14.00 price range. The stock closed up 7% at US$16.05 per share on Aug. 7. Through the IPO the company raised US$115 million and reached a market valuation of approximately US$$695 million.

Jeff Lyndon, co-founder and president of iDreamSky, had a telephone interview with TechNode to talk about the IPO process, insights on Chinese game distribution market and more.

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