China's top movie ticketing app planning US$1b Hong Kong IPO

Hong Kong

MAOYAN Weying, China's biggest online movie ticketing platform, is planning a Hong Kong initial public offering that could raise about US$1 billion, people with knowledge of the matter said.

The company, which also helped fund the latest Transformers movie, has held initial discussions with potential advisers about the share sale, according to one of the people. It is targeting a listing later this year, the people said, asking not to be identified because the information is private.