Quantcast

Stream on: Chinese streaming platform DouYu International sets terms for $859 million US IPO


Shutterstock photo

DouYu International Holdings, a Tencent-backed live e-sports streaming platform, announced terms for its IPO on Monday.

The Wuhan, China-based company plans to raise $859 million by offering 67.4 million ADSs (33% insider) at a price range of $11.50 to $14.00. At the midpoint of the proposed range, DouYu International Holdings would command a market value of $4.4 billion.

DouYu International Holdings was founded in 2014 and booked $651 million in sales for the 12 months ended March 31, 2019. It plans to list on the Nasdaq under the symbol DOYU. Morgan Stanley, J.P. Morgan, BofA Merrill Lynch and CMB International Capital are the joint bookrunners on the deal. It is expected to price during the week of July 15, 2019.

The article Stream on: Chinese streaming platform DouYu International sets terms for $859 million US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: News Headlines , IPOs



More from Renaissance Capital

Subscribe







Renaissance Capital
Contributor:

Renaissance Capital

IPOs












Research Brokers before you trade

Want to trade FX?