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Stock impact report

Chinese Streaming Game Platform Rockets 40% on IPO [MSN Money]

JOYY Inc. - American Depositary Shares (YY) 
Last joyy inc. - american depositary shares earnings: 3/16 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: about.yy.com/s/investors.html
Company Research Source: MSN Money
© Astronaut Images/Getty Images Man using laptop in living room Chances are pretty good that you've heard about e-sports but have only a vague idea of what they are. Let's just say that it's more than getting a top score in Solitaire or Tetris. Its big business and on the edge of getting bigger. Load Error China's largest streaming platform from video games and e-sports crushed its initial public offering (IPO) Friday morning. Huya ( HUYA) sold 15 million American depositary shares (ADS) at $12 each to raise $180 million at a valuation of $2.4 billion. Since breaking out of the chute, shares added about 42% to trade at a high of $17.07 shortly after trading in the stock opened. Each ADS is equal to one share of common stock. Huya was spun out of YY Inc. (YY), a Guangzhou-based live streaming social media platform that posted fiscal year 2017 revenues of $1.78 billion and net income of $383 million. In March, YY closed a series B funding round with China's Te Show less Read more
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