I want to hear your opinion.
Huya, a gaming and e-sports platform being spun out of China's YY (NASDAQ:YY), is targeting $165 million at a $2.4 billion valuation. The company benefits from its leading market share (87 million MAUs; $345 million in 2017 sales), fast growth (175% in 2017) and clear path to profitability. That said, it competes with Tencent (OTCPK:TCEHY)-backed Douyu and will rely on parent YY post-IPO for some core services. We note that the company is floating less than 8% of its market cap.
Cre: https://seekingalpha.com/article/41...le-targets-3_5-billion-largest-ipo-since-2014
Huya, a gaming and e-sports platform being spun out of China's YY (NASDAQ:YY), is targeting $165 million at a $2.4 billion valuation. The company benefits from its leading market share (87 million MAUs; $345 million in 2017 sales), fast growth (175% in 2017) and clear path to profitability. That said, it competes with Tencent (OTCPK:TCEHY)-backed Douyu and will rely on parent YY post-IPO for some core services. We note that the company is floating less than 8% of its market cap.
Cre: https://seekingalpha.com/article/41...le-targets-3_5-billion-largest-ipo-since-2014
