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Qutoutiao doubles up in year's best IPO debut

Sep. 14, 2018 6:17 PM ETQutoutiao Inc. (QTTOY) StockTCEHY, ZS, QTTOYBy: Jason Aycock, SA News Editor4 Comments
  • Qutoutiao (NASDAQ:QTT) -- the "fun headlines" news app backed by Tencent (OTCPK:TCEHY) -- has marked the year's biggest IPO gainer, closing at $15.97 after pricing at $7/ADS.
  • That's a 128% gain, enough to top the debut of Zscaler (NASDAQ:ZS), which popped 106% on March 16.
  • Qutoutiao shares are adding on to gains postmarket, up 8.9% after hours.
  • They triggered a volatility halt shortly after opening this morning at $9.10.
  • Tencent, on a bit of a slide since March, fell 1.4% today.

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