YY.com, an online entertainment portal backed by Disney's corporate venturing unit, is planning to file for an IPO next year, expected to raise up to $200m, according to reports from China.
China-based digital entertainment portal YY.com is planning an initial public offering (IPO) in the US next year, which it expects to raise between $100m and $200m, China-based news provider DoNews reported on Thursday,
Founded in 2005, YY has raised $33m from investors including the Disney-affiliated venture capital firm Steamboat Ventures, venture capital firm GGV Capital and investment firm Morningside Group.
According to the report, the IPO will be arranged by financial services firm Credit Suisse.
