Chinese Esports Group Backed by Tencent Raises $775 Million in US IPO
騰訊支持的一家中國電競集團赴美首次公開募股,融資7.75億美元
A Chinese video-streaming service raised $775 million through a Nasdaq listing, capitalizing on the growing popularity of watching others play games on the internet.
The initial public offering by DouYu International Holdings Ltd was the biggest this year by a Chinese company in the US, ahead of the $645 million IPO of cafe chain Luckin Coffee Inc.
DouYu, which is backed by Chinese internet heavyweight Tencent Holdings Ltd, sold 67.39 million American depositary shares at $11.50 apiece, at the bottom of an indicative price range of $11.50 to $14 a share, it said in a statement. Its shares in the US ended their first day of trading Wednesday flat at $11.50.
The IPO values the company at nearly $4 billion, including restricted shares issued to employees under a share-based compensation program.
此次IPO后,斗魚的估值接近40億美元,其中包括股權激勵機制下向斗魚員工發行的限制性股份。
China’s esports industry is the world’s largest by revenue and number of gamers, according to iResearch. Last year, some 683 million people, or roughly half the country’s population, played games on phones, computers or game consoles.