Tencent-backed Maoyan Entertainment prices HK IPO at lower end, raises $250m

Tencent-backed Maoyan Entertainment prices HK IPO at lower end, raises $250m

FILE PHOTO: The website of Chinese movie ticketing app Maoyan is seen next to the app on a mobile phone in this illustration picture taken September 4, 2018. REUTERS/Florence Lo

Maoyan Entertainment, China’s top movie-ticketing platform by sales that is backed by Tencent, priced its Hong Kong IPO at the bottom of an indicative range to raise $250 million, according to a term sheet seen by Reuters.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter