China’s Wanda Sports raises $190.4m in downsized US IPO

Lincoln Zhang, Chairman of Wanda Sports Group, the sport-related business unit of Chinese conglomerate Wanda Group, and Philippe Blatter, CEO of Infront and Vice Chairman of Wanda Sports Group, stand in Times Square after the opening bell ceremony of the company's IPO trading under the symbol (WSG) at the Nasdaq Market site in New York, U.S., July 26, 2019. REUTERS/Shannon Stapleton

Wanda Sports Group, a sport events owner whose interests include the distribution of media rights in Asia for the FIFA World Cup, said on Friday it priced a smaller-than-expected U.S. initial public offering (IPO) below its targeted range to raise $190.4 million.

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