Chinese giant Dalian Wanda seeks to raise $1.5b via IPO for its film unit

Chinese giant Dalian Wanda seeks to raise $1.5b via IPO for its film unit

Dalian Wanda Group Co., the Chinese conglomerate planning an IPO for its film unit, is seeking to raise $1.5 billion from domestic Chinese investors for Wanda Pictures at a $5.3 billion valuation, the Wall Street Journal reported.

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