Maoyan is floating in Hong Kong at the bottom of its range, in an offering that will provide exits to Enlight, Tencent and Meituan Dianping.
Maoyan Entertainment, the China-based online film ticketing platform backed by corporates Enlight Media, Tencent and Meituan Dianping, will raise $250m in its initial public offering, Reuters reported today, citing a term sheet.
The IPO will involve the company floating at the foot of the HK$14.80 and HK$20.40 ($1.89 to $2.60) range it set earlier this month, at a $2.2bn valuation, issuing 132 million shares on the Hong Kong Stock Exchange.
Formed in 2012 as a subsidiary of group buying…
