Lizhi initiated with a Buy at Citi » 13:1302/1702/17/20
Citi initiated coverage…
Citi initiated coverage of Lizhi with a Buy rating and $15 price target. The company is well positioned to benefit from China's fast-growing online audio industry, Citi says in a research note.
|Over a week ago|
Lizhi initiated with a Buy at Needham » 07:2402/1102/11/20
Needham analyst Vincent…
Needham analyst Vincent Yu initiated coverage of Lizhi with a Buy rating and $19 price target. The analyst believes that the company can leverage its "scalable user-generated content" and benefit from the tailwinds of the online audio market, citing China growing internet user penetration and expanded audio use cases. Yu further points to the rapid growth of China's online audio market to over $3B in revenue last year from nearly no revenue just 3 years ago.
|Over a month ago|
Opening Day: China's Lizhi, Phoenix Tree flat in trading debut » 09:1001/1901/19/20
LIZI, DNK, VEL, IMAB, BSBK, CSPR
Lizhi (LIZI), one of…
Lizhi opens at $11.03, IPO priced at $11.00 per share » 10:2601/1701/17/20
Lizhi (LIZI) priced 4.1M…
Lizhi (LIZI) priced 4.1M shares at $11.00. The deal priced at the bottom of the $11.00-$13.00 range. Citi acted as lead book running manager for the offering.
Lizhi 4.1M share IPO priced at $11.00 » 05:3501/1701/17/20
The deal priced at the…
The deal priced at the bottom of the $11.00-$13.00 range. Citi acted as lead book running manager for the offering.