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.
wow thate great
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China game-streaming firm Huya launches $343 million follow-on offeringChinese game-streaming company Huya Inc, backed by Tencent Holdings Ltd, has lau... copy twitch China is sham
Source: Reuters - 🏆 2. / 97 Read more »
China’s Belt-and-Road Initiative Puts a Squeeze on PakistanPakistan isn’t the only country that has failed to turn massive lending and construction by Chinese state companies into self-sustaining economic momentum—or that is pushing back against China. one belt one road, 1000 pakistan born chinese WeChat marketing, please contact me They’re the only ally each other has.
Source: WSJ - 🏆 98. / 63 Read more »
The Trump administration is forcing this health start-up that took Chinese money into a fire salePatientsLikeMe sold a majority stake to Chinese company iCarbonX in 2017. The deal is backfiring now that Trump is clamping down on China, as CFIUS forces the Chinese firm to divest its majority stake. The orange man administration is forcing this health start-up that took Chinese candy into a fire sale So screwed up. The POTUS thinks he controls the free market. That’s not capitalism. That’s not America. That’s corrupt. That’s borderline communism
Source: CNBC - 🏆 12. / 72 Read more »