Chinese unicorn Perfect Diary parent Yatsen's shares soar in US debut

Chinese unicorn Perfect Diary parent Yatsen's shares soar in US debut

Pedestrians walk past the New York Stock Exchange (NYSE) in New York, U.S. Photographer: Michael Nagle/Bloomberg

Shares of Yatsen Holding Ltd, the parent company of China-based beauty unicorn Perfect Diary, jumped 66% in their U.S. market debut on Thursday, adding to a host of blockbuster initial public offerings (IPOs) this year.