THE MOTLEY FOOL – July 14 – Shares of BlueCity Holdings, owner of a Chinese LBGTQ+ dating app, were tumbling almost 16% in midday trading Monday. BlueCity, which owns the Blued app, only went public last Wednesday, soaring 46% in its debut and raising $85M. It sold 5.6M shares to the public. Investors still might be gun-shy about small Chinese start-ups going public in the U.S.
by Rich Duprey
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