Tencent-backed content aggregator Qutoutiao closes up 128% after raising $84M in its IPO, the biggest first-day increase of a significant US IPO in 2018 (Alex Barinka/Bloomberg)

Alex Barinka / Bloomberg:
Tencent-backed content aggregator Qutoutiao closes up 128% after raising $84M in its IPO, the biggest first-day increase of a significant US IPO in 2018  —  - ‘Fun Headlines’ news aggregator rises as much as 191 percent  — Downsized, bottom-range IPO leads to biggest first-day rise

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