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Tencent-supported live streaming startup Douyu is expected to schedule an initial public offering (IPO) in the United States to raise between $ 600 million and $ 700 million, the Financial Times reported
The report added that Douyu had also considered an IPO in Hong Kong. He last raised a $ 1032 million 1945 round led by Tencent in March and would be valued at $ 1.5 billion
. Founded in 2013, Douyu started as a video game broadcaster. Since then, he has diversified to broadcast live other content such as cooking classes and makeup tips.
Its competitor, Huya Broadcasting, raised $ 165 million in US IPO two months ago. A spin-off of the live social media platform streaming Chinese Nasdaq YY Inc., it is also supported by Tencent. Huya closed Monday at $ 34.59, down 3.14%
Another Chinese live broadcast platform, Inke, would also consider registering in Hong Kong this year to raise $ 300 million [19659003] the US IPO path. Taiwan-based live broadcast platform M17 Entertainment had to cancel its IPO on the New York Stock Exchange after raising less than half its IPO target of $ 115 million last month
. Kong Stock Exchange this year. The most recent of them is the online educational services provider Koolearn Technology, also backed by Tencent, which has filed an application for registration in Hong Kong.
Cango plans to raise US $ 138 million in its US IPO, while Uxin Limited
See also:
The beginnings of M17 have delayed the start of the New York Stock Exchange to address the sustainability issues of the industry ]
The Chinese live streaming platform Huya raised $ 165m in American IPO
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