The mobile game developer is seeking a flotation in Helsinki, providing an exit to Lionsgate, AMC, IDG Ventures and IDG Capital.

The wireless technology developer is offering its Snapdragon 835 headset as a reference design to foster new products developed in just a few months.

Ally Corporate Finance and Oak Investment Partners have invested $21m in the Hearst-backed television streaming technology provider, which has now raised $150m in total.

Baidu, which holds a majority stake in the video streaming platform, supplied $300m as part of the convertible note round, which also included IDG Capital.

The Sina and IDG Capital-backed mobile game publisher plans to use the series B funding to beef up its local incubator activities and global distribution network.

The Snapchat owner will raise $3.2bn if it floats at the top of its range, and shareholders that could include Tencent, Alibaba and Yahoo will sell 45 million shares in the offering.