Inke IPO target set at US$300m

Business | Janice Huang 9 Mar 2018

Chinese live-streaming platform Inke is reportedly considering a listing on the Hong Kong bourse this year to raise US$300 million (HK$2.34 billion).

Founded in 2015, Inke had more than 16 million monthly active users as of January last year, becoming one of the mainland's popular live video streaming apps.

Meanwhile, Tencent Holdings (0700) has invested 4 billion yuan (HK$4.95 billion) in Douyu, a Chinese gaming and entertainment live streaming platform which is reportedly seeking to raise up to US$400 million from a proposed float in Hong Kong.

Corporate finance advisory services provider Amasse Capital Holdings said it will issue 250 million shares to raise up to HK$80 million.

It has set an indicative IPO price range of between 20 HK cents to 32 HK cents per share. One board lot of 10,000 Amasse shares costs HK$3,232.

Trading of its shares on the growth enterprises market board is set on March 22. Somerley Capital is sole IPO sponsor.

Janice Huang

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