Time to play as iDreamSky loads $108m US IPO

By Rashmi Kumar
31 Jul 2014

Chinese mobile game distributor iDreamSky Technology opened books for its $107.8m Nasdaq IPO on July 28. Early indications look good, thanks to investors being eager to get their hands on a company with a strong growth story.

iDreamSky, the largest independent mobile game publishing platform in China, is selling 7.7m American depositary shares at a guidance of $12.00-$14.00. If the deal prices at the top, it will net the company $107.8m.

At this level, guidance translates to a 2015 estimated P/E multiple of 8.6x-10x, ...

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