SE: Youdao Confident in Long-Term Plans After IPO, CEO Says
Bloomberg Technology via Youtube
Oct.25 — Youdao fell 20% after raising $95 million in the IPO, as shares of Chinese companies that went public in the U.S. this year are down on average of 12.8% from their offer prices. Despite the trade tension and talks on stricter rules on Chinese companies, Youdao still chose to go public in the U.S. following the footstep of its parent NetEase, which went public at Nasdaq in 2000. Bloomberg’s Yueqi Yang spoke to Youdao Chief Executive Officer Feng Zhou following the companies debut on the New York Stock Exchange.