China Cosmetic Firm Yatsen Raises $617 Million in U.S. IPO – Bloomberg

Source: Perfect Diary Chinese cosmetics company Yatsen Holding Ltd. raised $616.9 million in a U.S. initial public offering priced at the top of a marketed range, as authorities continued threatening to force firms from the Asian nation off American exchanges. The company behind the fast-growing Perfect Diary brand sold 58.75 million American depositary shares for $10.50 each, it said in a statement Thursday. The IPO comes as U.S. regulators push ahead with a plan that could lead to the delisting of Chinese companies from the countryࢀ™s stock exchanges if they donࢀ™t comply with regulatorsࢀ™ auditing rules. The move is an…