Marketwatch | Pinduoduo stock soars in debut as IPO fever rolls on

Chinese Internet names continued their IPO hot streak on Thursday, after shopping app Pinduoduo Inc. made its public debut.

Shares of Pinduoduo PDD, +0.63%  rose 40% in their first day of trading and were up another 4% premarket Friday. The company raised $1.6 billion through its initial public offering, during the second-busiest week for IPOs this year.