Chinese live streaming platform Inke formally launched its IPO and started trading this morning in Hong Kong.

As an early entrant to the sector, Inke (映客) has grown quickly during China’s live streaming frenzy that started in 2016. And while many of 200+ smaller platforms died off after the market cooled down and regulations set in, Inke has become one of the most invested-in upstarts in the country. According to an open letter from Inke CEO Feng Yousheng, the company has won over 200 million registered members in 3 years.

The final IPO price per share was set at HK $3.85, the lower end of the expected share price. Calculating with the 300 million shares the IPO plan decides, Inke will raise HK$ 1.05 billion, missing the expected HK$ 1.21 billion. As Feng Yousheng stated in the letter:

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Runhua Zhao

Runhua Zhao is a technology reporter based in Beijing. Connect with her via email: runhuazhao@technode.com