iDreamSky IPO Price

Article Index

iDreamSky IPO Prices Above Range; Here's What Will Drive the Stock

iDreamsky IPO price

The iDreamSky IPO price was set at $15 per share the company announced last night (Wednesday), and through the public offering the company is raising $115.5 million by selling 7.7 million shares.

iDreamSky Technology Ltd. (Nasdaq: DSKY) priced its shares above its proposed range of $12 to $14, which indicates strong investor interest. That high pricing also helped the company raise roughly 15% more than it had previously intended.

In early trading, DSKY stock was up as much as 27%. Here are the biggest factors that will drive the stock now…