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Comment on Mobile Game Publisher iDreamSky Files For Nasdaq IPO to Raise Up to US$115M by iDreamSky Co-founder Jeff Lyndon Talks About IPO As Company Stock Begins Trading on Nasdaq | Kungpao.tv
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Comments for TechNode
iDreamSky Technology, a Chinese 3rd-party mobile game publishing platform, filed with the U.S. Securities and Exchange Commission for a Nasdaq IPO to raise up to US$115 million of funding.
The company’s proprietary distribution channels include in-game cross promotions, its self-operated iDreamSky Game Center and gaming community Uu.cc.
Game revenues constituted the bulk of the company’s total revenues, accounting for 99.9% of total revenues in the three months ended March 31, 2014.
Several Chinese game companies initiated their IPO plans in the past one-year period driven by mobile game heat and the IPO wave of Chinese enterprises.
It is worth noting that iDreamSky is the only Chinese game company that choose the U.S. stock market in the one-year period.
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