Kuke Music Holding Ltd, a classical music services provider, has filed Amendment No 1 to Form F-1 Registration Statement January 6, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $55 million by offering 5 million shares at a price range of $10 to $12. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $339 million.
The company provides classical music licensing, subscription and education services in China. They also have nearly twenty years of experience and scale to organize large-scale live classical music events.
The Beijing, China-based company was founded in 2017 and booked $21 million in revenue for the 12 months ended September 30, 2020. It plans to list on the NYSE under the symbol “KUKE.” Deutsche Bank, Tiger Brokers and AMTD Global Markets are underwriters of the IPO.
The company engages Kirkland & Ellis International LLP as US Securities Counsel, and Ernst & Young as Independent Auditor.
#ipo #nasdaq #KukeMusic #classical #music #services
Hexcellence Consulting has experienced IPO consulting team focus on listing in US Stock Market,
namely NYSE, Nasdaq and OTC Markets.
Should you interested to list your company in US Stock Market,
please contact us at [email protected].