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Now playing: Chinese e-sports site HUYA files for a $200 million US IPO

April 9, 2018
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HUYA, a live streaming platform for video games and e-sports spun out of China's YY, filed on Monday with the SEC to raise up to $200 million in an initial public offering.

The Guangzhou, China-based company was founded in 2014 and booked $336 million in sales for the 12 months ended December 31, 2017. It plans to list on the NYSE under the symbol HUYA.

HUYA filed confidentially on February 1, 2018. Credit Suisse, Goldman Sachs (Asia) and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.