Putting an end to longstanding rumors that Huya was getting ready for its independent IPO, the live streaming site is now China’s first independent listed live stream gaming platform (strictly speaking Huya is a spin-off of parent company YY). According to the SEC prospectus, Huya listed on NYSE on May 11, 2018, 11pm Beijing time.

These revised documents gave Huya an advisory share price of $10-12 and an initial offering of 15 million ABS shares. According to sources quoted by Reuters, Huya set its IPO price at US$12 per share, the upper end of the scale, and raised US$180 million. Trading under the name HUYA, lead underwriters include Credit Suisse, Goldman Sachs, and UBS.

Huya’s parent company YY holds 48.3% of shares and YY President David Li Xueling holds 3.7% as the first shareholder. Tencent-owned Linen Invest Limited holds 34.6% of its outstanding shares as its $460 million B round investor. As head of two publicly listed livestreaming platforms, Li Xueling also holds 16.6% of the controlling shares issued by YY as well as 82% of the company’s voting rights.

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Yuting Fan

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Heather Mowbray

Heather Mowbray translates economics and social interest stories from her loft in the Beijing hutongs, where she's lived for a decade. She is training to be an interpreter so she can finally interact with...