Chinese game-streaming company Huya Inc, backed by Tencent Holdings Ltd, raised ...
HONG KONG - Chinese game-streaming company Huya Inc, backed by Tencent Holdings Ltd, raised $327 million in a follow-on share offering, two people with direct knowledge of the matter said on Wednesday.
Huya sold 13.6 million primary shares at $24 each, the people said, a discount of 1.36 percent to its closing price of $24.33 on Tuesday. At the same time, social media platform YY Inc sold 4.8 million of Huya shares, bringing the total proceeds of the sale to $442 million.There is an over-allotment - or greenshoe option - of up to 15 percent for Huya’s share sale, meaning the firm could raise as much as $375 million if exercised.
Huya’s shares have risen about 55 percent since the firm’s IPO in May, in which it raised $180 million.
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