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#Lehua Entertainment suspends IPO or due to low valuation#【#Lehua Entertainment suspends Hong Kong stock IPO plan#: Success or failure is due to traffic? 】 Sitting on Wang Yibo, Meng Meiqi, Wu Xuanyi and other "top streams"

author:National Business Daily

#Lehua Entertainment suspends IPO or due to low valuation#【#Lehua Entertainment suspends Hong Kong stock IPO plan#: Success or failure is due to traffic? Lehua Entertainment, which has "top" stars such as Wang Yibo, Meng Meiqi and Wu Xuanyi, originally planned to land on the capital market on September 7. But a few days ago, Lehua Entertainment suddenly announced that it had decided to postpone the global offering and suspend the Hong Kong stock IPO plan.

The reporter noted that the reason for Lehua Entertainment's suspension of the IPO may be that the valuation is too low. According to the prospectus, Lehua Entertainment's cumulative revenue from 2019 to 2021 exceeded 2.8 billion yuan, of which more than 90% of the revenue came from artist management, and even highly relied on one or two head artists, which has always been the market's concern about Lehua Entertainment.

In the past two years, the Hong Kong stock market has ushered in a wave of film and television entertainment industry, with veteran film and television drama production companies such as Watchable Entertainment, music companies Fenghua Qiushi, and variety show operator Starry Sky Chinese seeking listing. The "Daily Economic News" reporter noted that most of these entertainment companies are secondary or even multiple sprint listings. Judging from the performance of cultural and entertainment companies that have landed on the Hong Kong stock capital market, since the beginning of this year, the stock prices of 11 film and television media listed companies have shown a downward trend. Web Links (Gemma)

#Lehua Entertainment suspends IPO or due to low valuation#【#Lehua Entertainment suspends Hong Kong stock IPO plan#: Success or failure is due to traffic? 】 Sitting on Wang Yibo, Meng Meiqi, Wu Xuanyi and other "top streams"
#Lehua Entertainment suspends IPO or due to low valuation#【#Lehua Entertainment suspends Hong Kong stock IPO plan#: Success or failure is due to traffic? 】 Sitting on Wang Yibo, Meng Meiqi, Wu Xuanyi and other "top streams"
#Lehua Entertainment suspends IPO or due to low valuation#【#Lehua Entertainment suspends Hong Kong stock IPO plan#: Success or failure is due to traffic? 】 Sitting on Wang Yibo, Meng Meiqi, Wu Xuanyi and other "top streams"

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