YY, Inc. (YY) Prices IPO of HUYA (HUYA) at $12/ADS
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YY Announces Pricing of Initial Public Offering of HUYA Inc.
May 11, 2018 6:30 AM EDTGUANGZHOU, China, May 11, 2018 (GLOBE NEWSWIRE) -- YY Inc. (NASDAQ: YY) (YY or the Company), a leading live streaming social media platform in China, today announced the pricing of the initial public offering by its majority-controlled subsidiary, HUYA Inc. (HUYA) of 15,000,000 American Depositary Shares ("ADSs"), each representing one Class A Ordinary Share of HUYA, at a price of US$12.00 per ADS for a total offering size of US$180.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs have been approved for listing on the NYSE and are expected to... More
