Kuke Music Holding, which provides classical music licensing, subscription, and education services in China, raised $50 million by offering 5 million ADSs at $10, the low end of the range of $10 to $12. Certain existing shareholders had indicated on an aggregate $26 million worth of ADSs in the offering. At pricing, the company commands a fully diluted market value of $308 million.
Kuke Music Holding plans to list on the NYSE under the symbol KUKE. Deutsche Bank, Tiger Brokers, AMTD Global Markets, China Securities, and Valuable Capital acted as lead managers on the deal.
