US Stock Market Move | Zhihu, Inc. Sponsored ADR (ZH.US) rose more than 14% with a total market value reaching $368 million.

On Monday, Zhihu, Inc. Sponsored ADR (ZH.US) saw its stock price rise, with the stock increasing by over 14%, reaching $4.145 per share, with a total market value of $368 million. In terms of news, the company had previously released its monthly report on equity issuers and Hong Kong depositary receipts, which showed that authorized share capital remained unchanged, but the issued Class A common shares had increased. The company issued an additional 2,619,519 shares of Class A common stock to the depositary institution for the large-scale issuance of American depositary shares (ADS) under its 2012 and 2022 equity incentive plans.