A Chinese live-streaming game platform Huya.com officially handed in its files for an IPO to the New York Stock Exchange yesterday.
The company is slated to go public on May 11 with up to 207 million dollars worth of investments and an issuing price in a range between 10 to 12 dollars per share.
Huya said it would utilize the new funds in expanding and upgrading its products and services, and the takeover of businesses and technologies.
The 100 million millennials in China have become the primary consumers of in-game live-streaming products. They are dubbed as a generation with a high reliance on the Internet and self-consciousness, and indicating their yearnings for friends with similar interests.
As a leader in this field, Huya has successfully captured this opportunity since it offers a highly interactive platform for young gamers. The company has added innovative features onto the platform with immediate comments and gifts among others.
The registered users of Huya have reached 200 million as of December 2017, an increase of 130 percent when compared with the previous year.
The active users of the live-streaming game industry in China had reached 180 million as of 2017, as shown by the official data, and it is expected to grow to 349 million by 2022.
Latest comments