VC-backed Chinese lottery site files for $150m US IPO
VC-backed Chinese sports lottery provider 500.com has made an initial filing to raise around $150 million through an IPO on the New York Stock Exchange.
According to a regulatory filing, a vehicle controlled by Vision Knight Capital invested in $20 million of exchangeable notes that entitle it to an equity stake in 500.com upon completion of the IPO. There...
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