- NetEase Inc's online music business Cloud Village Inc has revived its listing plans and aims to launch a Hong Kong initial public offering before 2021, the Wall Street Journal reports.
- Alibaba Group Holding Ltd , Baidu Inc, and private-equity firm General Atlantic backed Cloud Village aims to raise $1 billion at a market valuation of $5 billion - $6 billion.
- Tencent Music Entertainment Group, rival Cloud Village Inc, operates a music-streaming platform like Spotify Technology.
- Cloud Village filed for an IPO in the city in late May before pulling up on August 9.
- Cloud Village has resolved the data-security issues.
- Cloud Village will likely remain a subsidiary of NetEase after going public. NetEase's stake would likely reduce from 88% to about 62.5% post listing.
- Price Action:NTES shares traded higher by 5.32% at $117.10 in the premarket session on the last check Tuesday.
免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。
精彩评论