The news confirms multiple reports over the past 18 months regarding such a move for Wanda Sports Group, whose holdings also … Headquartered in Beijing, Wanda Sports Group has more than 60 … Subscribe to market-leading insight, analysis and the most accurate data on media rights deals worldwide. community, You also have the option to opt-out of these cookies. SportBusiness has a strict internal policy governing the collection, analysis and cleansing of data. The firm provides a range of sports events and related marketing services worldwide. We also use third-party cookies that help us analyze and understand how you use this website. Business-critical analysis and data for sponsorship executives. sponsor them, including databases of deals, decision makers and activations. #WSGIPOWelcome to the Nasdaq family! As the second worst IPO of the year, Wanda Sports Group joins 11 of 18 Chinese IPOs this year that are trading below their debut price. © 2017 - 2020 Pandaily. ©2020 SBG Companies Limited or its affiliated companies, All rights detailed analysis, leveraging our unique data to provide independent advice. Wanda Sports was established in December 2015.
Site designed and built by Analysis, case studies and reports on best-practice business strategies used by the top For more than 20 years SportBusiness has been delivering the data, information, insight and analysis that make the world’s most successful sports sector businesses tick. Hong Kong (CNN Business)The Chinese company behind the Ironman triathlon is warming up for its Wall Street debut. data, consulting and events. This category only includes cookies that ensures basic functionalities and security features of the website. The Chinese company behind the Ironman triathlon is warming up for its Wall Street debut. Wanda Sports Group Co. fell 36% in its trading debut after its U.S. initial public offering raised only $190 million, less than half its earlier goal for the listing. Four weeks ago, when Bayern Munich historically won the Champions League in Lisbon after winning all 11 matches, its Chinese fans were still riled by the club’s endeavors to collaborate with two members of Teens in Times, a Chinese boy band. Dalian Wanda Group acquired Infront Sports & Media in 2015 for $1.2 billion, and it bought World Triathlon Corp for $650 million later the same year. Tech giant Amazon’s acquisition of UK rights to the Autumn Nations Cup competition has triggered a debate over whether the company will now embark upon a concerted push into rugby. May 22, 2020. It was reported in January that Wanda had made a confidential filing with the U.S. Securities and Exchange Commission. The news confirms multiple reports over the past 18 months regarding such a move for Wanda Sports Group, whose holdings also include World Triathlon Corporation, owner of the Ironman brand. Raising a total of only $190 million, the IPO was a disappointment given the firm’s previous aspirations to raise up to $500 million.
Park House, 116 Park Street, London, W1K 6AF, UK, 1001 Brickell Bay Drive, Suite 2306 (23rd Floor), Miami, FL 33131, USA, 3 Temasek Ave, Centennial Tower #18-01, Singapore 039190, Insight and analysis for top decision-makers in sport. Helping our clients make sense of sport’s commercial markets, our industry experts DouYu International Holdings Ltd., whose $775 IPO is the largest by a China-based company this year, is down more than 12%. The English Premier League announced it had signed a one-year streaming deal for $10 million with Tencent Sports on Sept. 16. Industry: Communication Services. These cookies will be stored in your browser only with your consent. Wanda Sports Group (WSG) went public in July 2019, pricing its shares at $8.00 in a U.S. IPO. Wanda Group did not respond to a CNN Business request for comment Friday. In a filing with the U.S. Securities and Exchange Commission, Wanda Sports gave an estimated IPO size of $500m (€442.6m), with Morgan Stanley, Deutsche Bank and Citigroup engaged to lead the process to list American depositary shares on the Nasdaq Global Market under the WSG symbol. The shares ended the day worth only $5.16 a share, valuing the Beijing-based company at $705 million after the second-worst debut on a U.S. exchange this year. Trading under the ticker” “WSG”, the ADSs priced at $8, opened at $6 and finished the day at a mere $5.16, resulting in a market valuation of $705 million.
Dalian Wanda Group used to be one of China's most aggressive overseas investors, pouring money into real real estate projects in cities like Los Angeles, Chicago and Istanbul as well as Spanish soccer club Atletico Madrid and the Hollywood studio that produced "Jurassic World." By clicking OK or continuing to use the website you are agreeing to the use of these cookies. Business-critical analysis and data for media executives. Wanda Sports Group Co. debuted on the NASDAQ on Friday July 26, and was subsequently pummeled by investors, falling 36% from its opening IPO price. sponsor them, including databases of deals, decision makers and activations. Wanda Sports Group: Financial Information: Market Cap: $1640mil: Revenues: $1292.7 mil (last 12 months) Net Income: $47.1 mil (last 12 months) IPO Profile: Symbol: WSG: Exchange: NASDAQ: Shares (millions): 23.8: Price range: $8.00 - $8.00: Est. We deliver strategic and commercial advice based on data driven insight to help you compete in business of sport. The Wanda Group will retain a majority of total voting power after the IPO. Chinese conglomerate Wanda Group has filed for a US initial public offering of its sports unit, which includes the Infront agency. Data and analysis on the relationships between leading sports properties and the brands Wanda Sports Group Co. debuted on the NASDAQ on Friday July 26, and was subsequently pummeled by investors, falling 36% from its opening IPO price. The IPO Terms. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates.
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Wanda Sports, a subsidiary of Chinese tycoon. Headquartered in Beijing, Wanda Sports Group has more than 60 offices and 1,600 employees around the world. CEO Hengming Yang was also asked about E-sports and Wanda Sports’ potential in this area, he commented, “Certainly E-sports is a part of our growth strategy, and we look at E-sports seriously, we think there is potential opportunity there.”. Subscribe to the world’s only live database of every sponsorship deal, for every club, in Europe’s top four leagues. Powered by TV Sports Markets, our service is the most trusted in the sports media Beijing-based Wanda Sports Group Company Limited has filed with the SEC to offer 33.33 million ADSs, representing 50 million Class A ordinary shares, in an IPO. Wanda Sports Group is the latest company joining the parade of sports-centric IPOs. Strategic and commercial advice based on data-driven
insight. Necessary cookies are absolutely essential for the website to function properly. We are a global sports event marketing media company well established in North America with our headquarters in Tampa Bay, USA.” When pushed on considering Shanghai’s answer to the NASDAQ, the STAR, Yang reiterated the company’s commitment to the NASDAQ and its global status, refusing to realistically consider the STAR as an option. The surprise emergence of free-to-air broadcaster KBS as a bidder for German Bundesliga rights in South Korea generated some competition during the 2020-22 sales process, but not enough to stave off a dip in value. Eden Park, New Zealand’s national stadium, has signed the first naming-rights deal in its 117-year history, albeit on a temporary basis. Market-leading media rights analysis tool with 13,000 deals. Our one-off interactive data tool on the global popularity of sports and sport media consumption, For the latest breaking news four times a day from London, New York and Singapore, sign up to our daily email newsletter to stay on top of the global business o, For all the latest deals the moment they break, Exclusive and comprehensive media coverage. Wanda Sports Group is planning to raise about $190 million in its U.S. initial public offering, below its reduced price range, according to people with knowledge of the matter. While the size of Wanda Sports Group’s IPO is listed as US$500 million, this is likely to be a placeholder amount that is subject to change.