GUANGZHOU, China, May 11, 2018 /PRNewswire/ -- HUYA Inc. ("Huya" or
the "Company") (NYSE: HUYA), a leading game live streaming platform
in China, today announced that it
has priced its initial public offering of 15,000,000 American
depositary shares ("ADSs"), at US$12.0 per ADS for a total offering size of
approximately US$180.0 million,
assuming the underwriters do not exercise their over-allotment
option to purchase additional ADSs. Each ADS represents one Class A
ordinary share of the Company. The ADSs are expected to begin
trading on the New York Stock Exchange today under the ticker
symbol "HUYA."
The Company has granted the underwriters an option, exercisable
within 30 days from the date of the final prospectus, to purchase
up to an aggregate of 2,250,000 additional ADSs to cover
over-allotments.
Credit Suisse Securities (USA)
LLC, Goldman Sachs (Asia) L.L.C.,
and UBS Securities LLC are acting as joint bookrunners for the
offering, and Needham & Company, LLC is acting as
co-manager.
A registration statement related to these securities has been
filed with, and declared effective by, the United States Securities
and Exchange Commission. This press release shall not constitute an
offer to sell or a solicitation of an offer to buy, nor shall there
be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
This offering is being made only by means of a prospectus
forming part of the effective registration statement. A copy of the
final prospectus relating to the offering may be obtained, when
available, by contacting the prospectus department at Credit Suisse
Securities (USA) LLC at Eleven
Madison Avenue, New York, NY
10010, United States, attention:
Prospectus Department, by telephone at +1-800-221-1037 or by
emailing newyork.prospectus@credit-suisse.com;
Goldman Sachs & Co. L.L.C., 200 West Street,
New York, New York 10282-2198,
Attention: Prospectus Department, telephone: +1 (212) 902 1171,
email: prospectus-ny@ny.email.gs.com; UBS Securities LLC,
Attention: Prospectus Department, 1285 Ave of the Americas,
New York, NY, 10019, by telephone
at +1-888-827-7275 or by emailing
ol-prospectus-request@ubs.com; or Needham & Company,
LLC, Attention: Syndicate Prospectus Department, 250 Park Avenue,
10th Floor, New York, New York
10177, or by telephone at 1-800-903-3268, or by email at
prospectus@needhamco.com.
About HUYA Inc.
HUYA Inc. ("Huya" or the "Company") is a leading game live
streaming platform in China with a
large and active game live streaming community. The Company
cooperates with e-sports event organizers, as well as major game
developers and publishers, and has developed e-sports live
streaming as one of the most popular content genres on its
platform. Building on its success in game live streaming, Huya has
also extended its content to other entertainment genres, such as
talent shows, anime and outdoor activities. The highly dynamic
content and the variety of real-time interactions contribute to the
overall entertainment and social experience offered on Huya's
platform, which cultivates a strong sense of belonging and
effectively increases user stickiness and time spent on Huya's
platform. Huya's open platform also functions as a marketplace for
broadcasters and talent agencies to congregate and closely
collaborate with the Company.
For more information, please visit: http://ir.huya.com.
For investor and media inquiries, please contact:
In China:
HUYA Inc.
Investor Relations
Tel: +86-20-8212-0565
E-mail: ir@huya.com
The Piacente Group, Inc.
Ross Warner
Tel: +86-10-5730-6201
E-mail: huya@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Alan Wang
Tel: +1-212-481-2050
E-mail: huya@tpg-ir.com
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SOURCE HUYA Inc.