IDreamSky files for $115m IPO in the US

Jul 8, 2014 • Robert Lavine

The Tencent and Legend-backed company, which claims to be China's largest mobile game publisher, will earmark some of the proceeds for acquisitions.

China-based mobile game publisher IDreamSky Technology filed for an initial public offering in the US on Thursday that could raise up to $115m.

Internet portal Tencent holds a 26.6% stake in IDreamSky through an investment vehicle called THL A19. Other notable shareholders include Dream Data Services, an investment vehicle for CEO Michael Chen that holds 22%, conglomerate Legend Holdings (20.4%), Redpoint Ventures (16.6%) and DT01, a holding company for two of IDreamsky’s co-founders (5.6%).

IDreamSky claims to be China’s largest…

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