Hong Kong, iDreamSky is aiming for a $ 300 million re-listing

29/05/2018

 

iDreamSky has launched hit games like ‘Temple Run’ and ‘Subway Surfers’ and is now ready to upset the stock market

 

A new stock exchange plan for iDreamSky. The developer of videogames based in Shenzen, which has launched very successful titles such as ‘Temple Run’ and ‘Subway Surfers’, wants to animate the Hong Kong market and, in order to implement its strategy, could carry out a listing. The estimated earnings? About $ 300 million.

Founded in 2009, iDreamSky Technology is one of the largest independent mobile game development platforms in China. The secret of its growth? The company has managed to grow as a publisher that helps developers of international mobile games access the Chinese market.

Once iDreamSky receives games from international companies, distributes these games through proprietary distribution channels and third-party channels, such as app stores.

 

The great successes, certified by the numbers, have made the company interested several well-known companies in the Chinese economic market

 

After getting listed on the Nesdaq market in 2014, iDreamSky joined the flock of US-listed mainland companies that have been re-listing on the A-share market. Then, the company got delisted from the US market on September 7th, 2016.

According to the company prospectus, it’s monthly active users surpassed 1.24 million in Q4 2017, and always according to the company, in this period the company has generated a revenue of RMB 1.76 billion.

After this great success by the company, of which Tencent holds 20.65%, the first interests are followed. For example, Wang Sicong, the only son of China’s richest man Wang Jianlin, has become a strong investor of the company.

 

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