Huya, a Chinese live-streaming platform for video games and e-sports, rang the New York Stock Exchange (NYSE) opening bell on Friday in celebration of its initial public offering (IPO).

 

中国电子游戏、电子竞技视频直播平台虎牙直播周五在纽约证券交易所敲钟上市。

 

Huya, trading under the ticker symbol of "HUYA", priced its IPO of 15,000,000 American depository shares (ADSs), at 12.00 U.S. dollars per ADS for a total offering size of approximately 180 million dollars, assuming the underwriters do not exercise their option to purchase additional ADSs.

 

Credit Suisse, Goldman Sachs (Asia) and UBS investment bank are the joint¹ book runners on the deal.

 

Dong Rongjie, CEO of Huya, told Xinhua on Friday that the IPO on the NYSE marks a brand-new development stage for the company.

 

"I think the move will help us expand the market overseas and inspire our team to develop more innovative² products as well," he said. 

 

Huya started trading at 15.50 dollars per share on Friday, climbing 29.17 percent from its pricing, and was traded at 16.30 dollars apiece around midday.

 

Dong noted³ that the money raised will be used in further investing in live-streaming game and e-sports.

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