Douyu shares tepid on Nasdaq debut

Douyu International Holdings Ltd, China's leading video game livestreaming platform, fizzled after its trading debut on the Nasdaq. It is the largest listing by a Chinese company in the United States this year.

Trading in Douyu shares got off to a weak start on Wednesday when it opened at $11.02, down 4.2 percent from its initial public offering price of $11.5 per share. It hit a session low of $11 before rallying to the day's high of $11.54.

The stock ended its first trading day at the IPO offer price.