Deals
China's Top Movie Ticketing App Said to Plan $1 Billion IPO
- Maoyan Weying targets Hong Kong listing later this year
- Firm invested in ‘Transformers’ franchise’s latest installment
Photographer: Tomohiro Ohsumi/Bloomberg
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Maoyan Weying, China’s biggest online movie ticketing platform, is planning a Hong Kong initial public offering that could raise about $1 billion, people with knowledge of the matter said.
The company, which also helped fund the latest “Transformers” movie, has held initial discussions with potential advisers about the share sale, according to one of the people. It is targeting a listing later this year, the people said, asking not to be identified because the information is private.