DouYu International Holdings (DOYU) expects to raise $859 million in an initial public offering on Wednesday, July 17th, IPO Scoop reports. The company will be issuing 67,400,000 shares at a price of $11.50-$14.00 per share.
In the last twelve months, DouYu International Holdings generated $650.7 million in revenue and had a net loss of $90.7 million. DouYu International Holdings has a market cap of $4.1 billion.
Morgan Stanley, J.P. Morgan, BofA Merrill Lynch and CMBI acted as the underwriters for the IPO.
DouYu International Holdings provided the following description of their company for its IPO: “We are the largest game-centric live streaming platform in China and a pioneer in the eSports value chain. We operate our platform both on PC and mobile apps, through which users can enjoy immersive and interactive games and entertainment live streaming. According to iResearch, among China’s game-centric live streaming platforms, we ranked: • first by the size of our user base as measured by average total MAUs on both mobile and PC platforms during the fourth quarter of 2017 and 2018; • first by the level of user engagement as measured by average total daily time spent by active users on our platform during the fourth quarter of 2017 and 2018; and • first by the number of top 100 game streamers with whom we contracted in December 2017 and December 2018. “.
DouYu International Holdings was founded in 2014 and has 2080 employees. The company is located at Building F4, Optical Valley Software Park, Guanshan Avenue, Donghu Development Area, Wuhan, the People’s Republic of China and can be reached via phone at +86 27 8775 0710 or on the web at http://www.douyu.com.
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