DouYu International Holdings, a Tencent-backed live game-streaming platform, filed on Monday with the SEC to raise up to $500 million in an initial public offering.
The Wuhan, China-based company was founded in 2014 and booked $545 million in sales for the 12 months ended December 31, 2018. It plans to list on the NYSE under the symbol DOYU. Douyu International Holdings filed confidentially on January 16, 2019. Morgan Stanley, J.P. Morgan and BofA Merrill Lynch are the joint bookrunners on the deal. No pricing terms were disclosed.
