Us STX Entertainment will visit Hong Kong for the first time IPO has been invested by Tencent

STX Entertainment has hired banks to study an initial public offering (IPO) in Hong Kong, which could raise about $500m, according to people familiar with the matter.

original title: another company invested by Tencent is going to IPO in Hong Kong, and the production company of "Bad Mom" may raise about $500m

according to people familiar with the matter, STX Entertainment has hired banks to study the initial public offering (IPO) in Hong Kong, which may raise about $500m.

the people, who spoke on the condition of anonymity because the information was not made public, said Goldman Sachs and JPMorgan Chase were advising STX Entertainment on the share sale, discussing valuations ranging from $2.5 billion to $4.5 billion. They say STX plans to IPO as early as the first quarter of next year. STX Entertainment, an American film production and distribution company, has received investment from Tencent Holdings to distribute films such as "Bad Mom" and "Circle".

the listing of XTX is precious to Hong Kong. According to Bloomberg data, there has been no IPO from US-based companies in Hong Kong for more than four years. Secondary listings of foreign companies in Hong Kong are also falling out of favor. Glencore and Coach brand owner TapestryInc. Each issued an announcement this week to delist from Hong Kong on the grounds of low trading volume.

according to Bloomberg data, Hong Kong's IPO this year is US $12 billion, down 45 per cent from the same period in 2016.

Edit: xiongwei