DouYu goes public with $775m Nasdaq IPO

first_imgDouYu goes public with $775m Nasdaq IPOTencent-backed Chinese streaming platform is valued at more than $3.7 billionMatthew HandrahanEditor-in-ChiefThursday 18th July 2019Share this article Recommend Tweet ShareThe Chinese video streaming platform DouYu raised $775 million in its initial public offering this week.The company issued around 67.4 million shares at a price of $11.50 each on the New York Stock Exchange. Roughly two-thirds of that stock was new shares, which the other third coming from its existing stockholders.Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games The $775 million that DouYu raised makes it the biggest IPO from a Chinese company this year. It is also far more than the $500 million it expected when the IPO was announced in April.The IPO valued DouYu at $3.73 billion, and Tencent remains its single biggest stockholder.DouYu’s streaming platform hosts a huge amount of content focused on video games and esports. In the first quarter of this year, it had 159.2 million monthly-active users.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Daily Update and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesActivision no longer working with Call of Duty actor after hateful sexist commentsA video resurfaced on social media showing Jeff Leach making offensive, sexual and threatening remarks targeting women By Marie Dealessandri 1 days agoHow Women in Gaming survived its publisher’s demiseMeagan Marie explains how Crystal Dynamics stepped in after Prima Games, the original publisher of her book, shut down right after launchBy Brendan Sinclair 4 days agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img

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