Maoyan Newmedia

Tencent-backed Maoyan IPOs with a warm reception by investors

February 1, 2019 0:41 pm

Maoyan Entertainment announced today that it priced its Hong Kong IPO at HK $14.80 (US$1.89) and was 2.32 times oversubscribed. Maoyan also said it raised 1.82 billion HKD (232.47 million USD) net proceeds from the IPO.