China's largest live-streaming platform DouYu International Holdings Limite...
HONG KONG - China’s largest live-streaming platform DouYu International Holdings Limited, backed by social media and gaming giant Tencent Holdings Ltd, has filed for a U.S. initial public offering of up to $500 million.
The rapid growth of the live-streaming sector has seen China’s tech heavyweights - Tencent, Alibaba Group Holding and Baidu Inc - open their wallets to back a slew of firms in the hope it can boost existing services in e-commerce, social networking and gaming. It set a placeholder sum of $500 million for the IPO, which is used to calculate registration fees. The final IPO size could be different, though sources have previously told Reuters DouYu was looking to raise around $500 million.
DouYu’s active users spent an average of 54 minutes per day on the platform in the fourth quarter of 2018.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Perspective | Along New York’s High Line, a $500 million effort to bring the arts to everyonePerspective: Along New York’s High Line, a $500 million effort to bring the arts to everyone
Consulte Mais informação »
Uber's IPO filing hints at a possible financial services playBI PRIME: Uber filed its S-1 last week as it plans to go public on the New York Stock Exchange (NYSE), shedding light on its financial performance.
Consulte Mais informação »
U.S. is lifting ban on U.S. lawsuits against foreign firms in Cuba: PompeoThe Trump administration is lifting a long-standing ban against U.S. citizens fi...
Consulte Mais informação »
Fastly files for IPO, with class A shares to list on NYSEFastly Inc. has filed Friday for an initial public offering of class A shares. The "edge cloud" platform company, which allows developers to deliver digital experiences "at the edge of the internet," hasn't determined the number of shares it will sell. Fastly will have a dual class share structure, with class A shares entitled to one vote and class B shares entitled to 10 votes. The company has applied to have its class A shares listed on the New York Stock Exchange, under the ticker symbol "FSLY." Fastly recorded a net loss of $30.9 million on revenue of $144.6 million in 2018, after a loss of $32.5 million on revenue of $104.9 million in 2017. The lead underwriters of the IPO are BofA Merrill Lynch, Citigroup and Credit Suisse. The company is looking to go public at a time that the Renaissance IPO ETF has rallied 29% year to date and the S&P 500 has gained 16%.
Consulte Mais informação »
Vegan burger maker Beyond Meat plans to raise up to $183.8 million in IPONo meat, no problem. Vegan burger maker plans to raise up to $183.8 million in IPO via ReutersTV
Consulte Mais informação »
Beyond Meat looks to raise $183.8 million in its IPOBeyond Meat plans to be valued at more than $1 billion after its initial public offering.
Consulte Mais informação »
Beyond Meat sets IPO terms, to raise $184 million and be valued at $1.2 billionBeyond Meat has set terms for its initial public offering, with the plant-based meat maker expected to raise up to $183.8 million and be valued at $1.21 billion. The El Segundo, Calif.-based company is offering 8.75 million shares in the IPO, which is expected to price between $19 to $21 a share. If the underwriters exercise all the options granted to cover overallotments, the company could raise up to $211.3 million. The company plans to use the proceeds from the IPO to invest in current and additional manufacturing facilities and expand research and development. Beyond Meats will have 57.43 million shares outstanding after the offering. The stock is expected to list on the Nasdaq under the ticker symbol "BYND." The company is looking to go public at a time that the Renaissance IPO ETF has run up 29% year to date and the S&P 500 has gained 16%.
Consulte Mais informação »
U.S. is brazenly meddling in Nord Stream 2 gas project: RussiaForeign Minister Sergei Lavrov accused the United States on Friday of brazenly m...
Consulte Mais informação »
Starbucks' China challenger Luckin Coffee files for U.S. listingLuckin Coffee Inc, the Chinese challenger to Starbucks Corp, on Monday filed for...
Consulte Mais informação »
U.S. firms no longer 'positive anchor' for Beijing ties: AmCham in ChinaFrustrated U.S. businesses can no longer be counted on as a 'positive ancho...
Consulte Mais informação »