Wednesday, July 8, 2020

BlueCity, owner of Chinese LGBTQ dating app Blued, closed up 46% in its Nasdaq debut, after raising $85M at $16 per share (Crystal Tse/Bloomberg)

Crystal Tse / Bloomberg:
BlueCity, owner of Chinese LGBTQ dating app Blued, closed up 46% in its Nasdaq debut, after raising $85M at $16 per share  —  The owner of Blued, China's biggest LGBTQ dating app, climbed 46% in its trading debut after raising $85 million in a U.S. initial public offering.



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Power prices surge in Virginia, home to the world's largest data center hub; record demand is expected during the winter storm, partly due to data center needs (Tim McLaughlin/Reuters)

Tim McLaughlin / Reuters : Power prices surge in Virginia, home to the world's largest data center hub; record demand is expected dur...