Word is spreading today that Chinese game company iDreamSky, best known in the West for localizing and publishing games like Subway Surfers (pictured) and Gardenscapes in China, is planning to go public on the Hong Kong Stock Exchange.
The fact that the company (which counts as one of its major shareholders fellow Chinese game giant Tencent) is planning to go public is interesting since it already did so once already -- in America in 2014, on the Nasdaq Stock Exchange.
The company reportedly raised over $100 million from that IPO, but roughly two years later iDreamSky delisted itself (via merger) at the urging of cofounder and chief Chen Xiangyu. While the details of when iDreamSky will go public again in Hong Kong, and how much it's valued at remain unclear, Variety cites "financial industry sources" who peg it at $300 million.
No tags.
