Video game live-streaming platform Douyu on Monday filed its initial public offering (IPO) in the US, with plans to raise up to $500 million.

The Wuhan based company will list on the New York Stock Exchange under the symbol “DOYU.” It plans to use proceeds of the offering to provide premium e-sports content and a wider array of other content, research and development, and marketing.

Morgan Stanley, JPMorgan and BofA Merrill Lynch are the underwriters on the deal.

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Tony Xu

Tony Xu is Shanghai-based tech reporter. Connect with him via e-mail: tony.xu@technode.com