{"id":4261,"date":"2018-05-04T11:00:20","date_gmt":"2018-05-04T15:00:20","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4261"},"modified":"2018-05-04T11:00:20","modified_gmt":"2018-05-04T15:00:20","slug":"huya-inc-ipo-preview-huya","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/huya-inc-ipo-preview-huya\/","title":{"rendered":"HUYA Inc, #IPO Preview ($HUYA)"},"content":{"rendered":"

\"HUYA\"<\/a><\/p>\n

Company: HUYA, Inc.<\/strong>
\nSymbol: HUYA
\nDescription: They are the No.1 game live streaming platform in China.
\nTrade Date: 5\/11
\nShares: 15 million ADS
\nPrice Range: $10.00-$12.00
\nUnderwriter(s): Credit Suisse, Goldman Sachs (Asia), UBS Investment Bank
\nCo-Manager(s): Needham & Co.
\nTerms Added: 5-1-18<\/p>\n

Link to Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>:\u00a0They have the largest and most active game live streaming community in terms of average MAUs, and average daily time spent on mobile app per mobile active user in the fourth quarter of 2016 and 2017, and the largest number of active broadcasters in 2016 and 2017, according to the Frost\u00a0& Sullivan Report. As the pioneer and market leader, they are well positioned to expand further in the rapidly growing game live streaming market in China. They cooperate with e-sports event organizers, as well as major game developers and publishers, and have developed e-sports live streaming as the most popular content genre on their platform. As of December 31, 2016 and 2017, their live streaming content covered over 2,100 and 2,600 different games, respectively, including mobile, PC and console games. Building on their success in game live streaming, they have also extended their content to other entertainment genres, such as talent shows, anime and outdoor activities.<\/p>\n

Financials<\/strong>: \u00a0They have experienced rapid growth since their inception. Their revenues increased from RMB796.9\u00a0million in 2016 to RMB2,184.8\u00a0million (US$335.8 million) in 2017. They had net losses of RMB625.6\u00a0million and RMB81.0\u00a0million (US$12.4 million) in 2016 and 2017, respectively.<\/p>\n

\"HUYA.Financials\"<\/a><\/p>\n

Spin-Off:\u00a0<\/strong>Following the completion of this offering, they will be a \u201ccontrolled company\u201d as defined under the Corporate Governance Rules of the NYSE because YY Inc., or YY, will hold 56.4% of our then outstanding Class B ordinary shares, representing 54.9% of their\u00a0total voting power assuming the underwriters do not exercise their over-allotment option, or 54.8% of their\u00a0total voting power, if the underwriters exercise their over-allotment option in full. Following the completion of this offering, Linen Investment Limited, a wholly-owned subsidiary of Tencent Holdings Limited, will hold 40.5% of their\u00a0then outstanding Class B ordinary shares, representing 39.5% of their\u00a0total voting power, assuming the underwriters do not exercise their over-allotment option, or 39.4% of their\u00a0total voting power, if the underwriters exercise their over-allotment option in full.<\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: HUYA, Inc. Symbol: HUYA Description: They are the No.1 game live streaming platform in China. Trade Date: 5\/11 Shares: 15 million ADS Price Range: $10.00-$12.00 Underwriter(s): Credit Suisse, Goldman Sachs (Asia), UBS Investment Bank Co-Manager(s): Needham & Co. Terms Added: 5-1-18 Link to Prospectus Link to Retail Roadshow Business:\u00a0They have the largest and most[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1508],"class_list":["post-4261","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-huya"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=4261"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4261\/revisions"}],"predecessor-version":[{"id":4264,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4261\/revisions\/4264"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}