China Movie Ticketing Platform Maoyan Entertainment Prices HK IPO At Bottom Of Range: Term Sheet

www.oann.com | 9/4/2018 | Staff
stefania (Posted by) Level 3
HONG KONG (Reuters) – Maoyan Entertainment, China’s biggest movie ticketing platform by sales and backed by internet giant Tencent Holdings Ltd, priced its Hong Kong IPO at the bottom of an indicative range on Monday, raising $250 million, according to a term sheet seen by Reuters.

The pricing represents a “down round” for Tencent as it...
(Excerpt) Read more at: www.oann.com
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