Hong Kong – January 23, 2023 – Cooley advised YH Entertainment, an established artist management company in China, on its HK$490 million ($63 million) global offering. His partners Michael Yu and Will Cai led his Cooley team.
According to Frost & Sullivan, YH Entertainment ranked first among Chinese artist management companies with a market share of 1.9% in artist management revenue in 2021.
CSCI and CMS acted as Co-Sponsors, Co-Overall Coordinators, Co-Global Coordinators, Co-Bookrunners and Co-Lead Managers of Global Services. Valuable Capital, China Everbright Securities, CSFG International Securities, Guosen Securities, uSMART Securities, Tiger Brokers, Futu Securities, Guotai Junan Securities, and Livermore acted as joint underwriters, and Zheshang International Financial and Easy Securities acted as joint underwriters .
Since its establishment in 2009, YH Entertainment has grown into a culture and entertainment platform consisting of three complementary businesses: artist management, music intellectual property production and operation, and pan-entertainment business development.
Notably, this will be Cooley’s second Hong Kong IPO in 2023 and the fourth Hong Kong IPO project in the past few weeks.
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