PE-backed ticketing player falls on debut after $287m HK IPO
Maoyan Entertainment, a Chinese online movie ticketing business backed by Tencent Holdings and several private equity investors, fell on its trading debut in Hong Kong following a HK$2.25 billion ($287.1 million) IPO.
The company sold 152.2 million shares – including an overallocation of 19.9 million shares that will be used to satisfy the overallotment option, if exercised – for HK$14.80 apiece, the bottom end...
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