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China Music Platform Cloud Village Seeks to Raise Over $450 Million in Hong Kong IPO

November 23, 2021
Source: marketscreener.com marketscreener.com
News Snapshot:
By P.R. Venkat The online music business of Chinese internet company NetEase Inc. is planning to raise up to 3.52 billion Hong Kong dollars (US$451.9 million) in an initial public offering in Hong Kong. Cloud Village Inc. will sell 16 million shares and has set a price range of between HK$190-HK$220 a piece, the music company said Tuesday. The company, which operates a music-streaming platform similar to that of Spotify Technology SA's, had first filed for an IPO in the city in late May and planned to take investor orders in the first half of August. But that deal was...
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Tags: bank | Beijing | Business | China | Chinese | CICC | cloud | credit | Credit Suisse | Economy | entertainment | Hong Kong | Hong Kong Stock Exchange | initial public offering | Internet | investor | ipo | KONG | listing | music | NetEase | stock exchange | stocks | technology | Tencent

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