Deals
China's Top Movie Ticketing App Seeks Up to $345 Million in IPO
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Maoyan Entertainment, China’s biggest online movie ticketing platform, is seeking to raise as much as $345 million in a Hong Kong initial public offering.
The company is offering 132.4 million shares at HK$14.80 to HK$20.40 apiece, according to terms for the deal obtained by Bloomberg. Welight Capital and an affiliate of IMAX China Holding Inc. agreed to buy a combined $18 million of stock as cornerstone investors, the terms show.