Wanda Sports slashes US listing to $308m

Sport 230x150
By Jonathan Breen
25 Jul 2019

Wanda Sports Group has cut 38% off the size of its live US IPO, having reduced the stock on offer and trimmed price guidance as it confronts investors nervous over their unfamiliarity with the company.

The subsidiary of Chinese billionaire Wang Jianlin’s conglomerate Dalian Wanda is a sports event, media and marketing platform best known for its broadcasting contracts for global events including the football World Cup and the Ironman Triathlon. But such assets are rare in the public markets and are usually ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial