China’s Wanda Sports files for IPO in US partly to repay debt

Pedestrians walk past Dalian Wanda Group's Wanda Plaza building in Beijing, China, May 17, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Wanda Sports Group Co., a unit under Chinese billionaire Wang Jianlin’s conglomerate Dalian Wanda Group Co., filed to go public in the U.S. with a goal of raising funds to pay down debt.

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