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China's biggest Wall Street IPO in 2019: Streaming video game startup?
Read full article: China's biggest Wall Street IPO in 2019: Streaming video game startup?So-called eSports have enjoyed a huge growth curve in recent years, with revenues in the billions of dollars. A popular video streaming platform is gearing up for what could be the year's biggest Wall Street debut by a Chinese company. DouYu, a live-streaming platform for gamers backed by Chinese tech giant Tencent, will go public on the Nasdaq on Wednesday at $11.50 per share. That would break the record set in May, when Starbucks rival Luckin Coffee went public, raising about $645 million, according to Refinitiv. Its Wall Street debut comes a week after Budweiser owner Anheuser-Busch InBev canceled a listing of its Asia unit on the Hong Kong stock exchange, which would have eclipsed Uber as the biggest IPO of this year.