Kuke Music Holding Ltd, a classical music services provider, raised $50 million by offering 5 million ADSs at $10, low-end ot the proposed range of $10 to $12.
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.
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