Sound Group Inc.

Sound Group Inc. (LIZI) priced its initial public offering on Jan 17, 2020 at $11.00 per ADS, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $503.1M. Citigroup was lead-left underwriter, joined by Haitong, Needham and US Tiger and others. Davis Polk, Walkers and King & Wood Mallesons advised the company and Skadden, Arps and JunHe advised the underwriters.

Sound Group Inc. operates Lizhi, a mobile app on which users create, store, share, discover and enjoy audio and interact through it. The company's stated mission is to enable everyone to showcase vocal talent.

Status

IPO

Ticker

LIZI

Exchange

Nasdaq Global Market

Priced

Jan 17, 2020

IPO price

$11.00 per ADS

Market cap at IPO price

$503.1M

First filed

Oct 28, 2019

Underwriters

Citigroup, Haitong, Needham, US Tiger, Prime Number, China Merchants and Valuable Capital

Company counsel

Davis Polk, Walkers and King & Wood Mallesons

Underwriters' counsel

Skadden, Arps and JunHe

Sector

Technology

Country / state

Singapore

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.