fbpx

Kuke Music Holding Limited Announces Pricing of Initial Public Offering

BEIJING, Jan. 12, 2021 /PRNewswire/ -- Kuke Music Holding Limited ("Kuke" or the "Company"), a leading provider of classical music licensing, subscription and education services in China, today announced the pricing of its initial public offering of 5,000,000 American Depositary Shares ("ADSs"), each representing one Class A ordinary share of the Company, at a price of US$10.00 per ADS, which translates to a total offering size of US$50.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs are expected to begin trading on the New York Stock Exchange on January 12, 2021, under the symbol "KUKE." The closing of the offering is expected to occur on January 14, 2021, subject to the satisfaction of customary closing conditions.

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 750,000 additional ADSs at US$10.00 per ADS.

Deutsche Bank Securities Inc., US Tiger Securities, Inc, and AMTD Global Markets Limited are acting as representatives of underwriters for the proposed offering. China Securities (International) Corporate Finance Company Limited and Valuable Capital Limited are acting as underwriters.

This offering is being made only by means of a prospectus that forms part of the effective registration statement. A copy of the final prospectus relating to the offering, when available, may be obtained from (i) Deutsche Bank Securities Inc. at 60 Wall Street, New York, New York 10005, U.S., or by calling +1 (800) 503-4611, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; (ii) US Tiger Securities, Inc at 437 Madison Ave 27th Floor, New York, NY 10022, United States, or by calling +1 646 978 5188, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; and (iii) AMTD Global Markets Limited at 23/F-25/F, Nexxus Building, 41 Connaught Road Central, Hong Kong, or by calling +852 3163 3288, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; (iv) China Securities (International) Corporate Finance Company Limited at 18/F, Two Exchange Square, 8 Connaught Place, Central, Hong Kong, or by calling +852 3465 5600, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; (v) Valuable Capital Limited at Room 2807-09, 28th Floor, China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong, or by calling +852 2500 0307, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission and was declared effective on January 11, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-looking Statements 

This press release contains forward looking statements, including statements regarding the initial public offering. These statements are not historical facts but rather are based on Kuke's current expectations and projections regarding its business, operations and other factors relating thereto. Words such as "may," "will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expects," "intends," "plans," "projects," "believes," "estimates" and similar expressions are used to identify these forward looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward looking statements as a result of a number of factors, including those in Kuke's registration statement filed with the Securities and Exchange Commission.

About Kuke Music Holding Limited

Kuke Music Holding Limited ("Kuke") is the leading provider of classical music licensing, subscription, and education services in China. As of December 31, 2019, Kuke had the largest library of classical music content in China and, in 2019, Kuke was the largest classical music licensing service provider and the second largest online classical music subscription service provider in China, according to Frost & Sullivan. Kuke leverages its rich and diverse content offerings and deep expertise in music education to offer innovative and efficient smart music education solutions, which primarily consist of its proprietary Kuke smart pianos, Kuke smart teaching systems and Kukey courses. Kuke is also the organizer of several live classical musical events in China, including the Beijing Music Festival, which is one of the most renowned musical events in the world. Through these three highly synergistic business lines, Kuke has formed a thriving content-centric ecosystem, positioning it well to continuously provide its customers with differentiated value propositions.

Investor Relations Contact

Kuke Music Holding Limited
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +1 (212) 321-0602

Cision View original content:http://www.prnewswire.com/news-releases/kuke-music-holding-limited-announces-pricing-of-initial-public-offering-301206363.html

Copyright

© PR Newswire

Dollar pushes yen falls to 4-week low
Farmmi Regains Compliance with NASDAQ Minimum Bid ...
 

By accepting you will be accessing a service provided by a third-party external to https://chatpips.com/

 
     
 

Broker Search

Latest Spot Rate

 
19 January 2021
Canadian dollar dips on mixed data - MarketPulseMarketPulse Home/FX/Newsfeed Share 0 The Canadian dollar is down slightly in the Monday session. Currently, USD/CAD is trading at 1.2759, up 0.22% on the day. Short squeeze boosts US dollar The week end...
19 January 2021

19 January 2021
Aussie dips below 0.77 line - MarketPulseMarketPulse Home/Central banks/COVID-19/FX/News events/Newsfeed/Technical analysis Share 0 The Australian dollar has started the new trading week with slight losses. AUD/USD is currently trading at 0.7681, dow...
18 January 2021
Quiet start to the week - MarketPulseMarketPulse Home/Central banks/COVID-19/News events/Newsfeed/Treasuries Share 0 A quiet start to the week, with the US bank holiday meaning trading is likely to remain extremely thin throughout the session. Europe...
18 January 2021
Oil slips while gold ticks higher - MarketPulseMarketPulse Home/Commodities/COVID-19/Metals/News events/Newsfeed/Oil/Technical analysis Share 0 Oil seeing more profit-taking We may be seeing a little profit-taking in oil prices after a remarkable run...
How It Works | About | Contact | Contributors | Privacy Policy | Advertise
© 2009 - 2021 ChatPips. All Rights Reserved. Terms of Use: The content on this website is solely for educational and informational purposes and is not a substitute for official documentation of the original owners. Daily economic news is provided by third-party website. This site is not operated by, sponsored by, endorsed by, or affiliated with any parties in any way. The website owner, the authors, the publishers, and all affiliates of ChatPips.com assume no responsibility or liability for your trading and investment results. You should always check and confirm with several sources with your licensed financial advisor and tax advisor to determine the suitability of any investment before making your final decision. Your continued usage and browsing of information on this website constitute your agreement to this Terms of Use. If you do not agree, please do not proceed to use this website. Brokers Directory: The companies license information were obtained from respective local jurisdiction. All other company and/or product names are trademarks and/or registered trademarks of their respective owners.