Gee1
2021-11-23
great
NetEase music business Cloud Village launches $500 mln Hong Kong IPO
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetEase music business Cloud Village launches $500 mln Hong Kong IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-23 09:49 GMT+8 <a href=https://finance.yahoo.com/news/netease-music-business-cloud-village-005123590.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NetEase Inc's music streaming business Cloud Village Inc is aiming to raise up to $500 million in a Hong Kong initial public offering, according to regulatory filings, after shelving the deal earlier ...</p>\n\n<a href=\"https://finance.yahoo.com/news/netease-music-business-cloud-village-005123590.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09899":"云音乐","09999":"网易-S","NTES":"网易"},"source_url":"https://finance.yahoo.com/news/netease-music-business-cloud-village-005123590.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138875248","content_text":"NetEase Inc's music streaming business Cloud Village Inc is aiming to raise up to $500 million in a Hong Kong initial public offering, according to regulatory filings, after shelving the deal earlier this year following China's regulatory crackdown on tech companies.\nThe company is selling 16 million shares, which represents 7.7% of the enlarged share capital, as part of the deal launched on Tuesday.\nA price range of $HK190 to $HK220 has been set for institutional investors, according to a term sheet seen by Reuters, which will give Cloud Village a market capitalisation of $5.4 billion to $6.2 billion.\nA further 2.4 million shares can be sold as part of a so-called greenshoe option after the company lists on the Hong Kong Stock Exchange.\nCloud Village will price its shares on Nov. 26 and start trading on the Hong Kong Stock Exchange on Dec. 2, according to the term sheet.\nNetEase has subscribed for $200 million worth of stock as a cornerstone investor alongside Song Music with $100 million and Orbis Investments with $50 million, according to the term sheet.\nCloud Village scaled back the size of the IPO after initially aiming to raise at least $1 billion in August, sources told Reuters at the time.\nCloud Village is considered the closest rival to Tencent's music streaming service, which dominates the mainland Chinese market.","news_type":1},"isVote":1,"tweetType":1,"viewCount":232,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/875854862"}
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