Deals
Chinese Production Studio Youhug Weighs Hong Kong IPO
- Drama producer considers selling shares as soon as this year
- Government has been tightening grip on cultural output
Ariel Lin
Photographer: Pascal Le Segretain/Getty Images EuropeThis article is for subscribers only.
Shanghai Youhug Media Co., a Chinese television drama studio, is planning an initial public offering that could raise at least $100 million, according to people with knowledge of the matter.
The production company is considering selling shares in Hong Kong as soon as this year, the people said, asking not to be identified because the information is private. Details of the offering, including the fundraising target and listing venue, could change depending on market conditions, one of the people said.