After temporarily halting the IPO in May due to US-China tensions, Douyu has relaunched its efforts with a target of $944m in proceeds and moved its proposed listing from NYSE to Nasdaq.
Douyu, a China-based video game livestreaming platform operator backed by internet group Tencent, yesterday filed an updated prospectus to restart its initial public offering proceedings in the US.
The company has set its price range at $11.50 to $14 per American Depositary Share (ADS). It plans to issue 44.9 million new ADSs, in addition to 22.5 million of existing stock to be sold be existing shareholders, putting potential proceeds at $775m to $944m.
Douyu had originally planned to launch…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
