Following its acquisition of Hollywood company Legendary Entertainment for $3.5bn in January, the Wall Street Journal (Wanda Pictures) reports that China’s Dalian Wanda Group is looking to raise $1.5bn from domestic Chinese investors for its film unit, valued at ¥35bn ($5.36bn). According to documents seen by Wanda Pictures, WSJ is preparing to go public later this year, through an IPO, a backdoor listing or an asset injection into another company controlled by Wanda.
Following its acquisition of Hollywood company Legendary Entertainment for $3.5bn in January, the Wall Street Journal (WSJ) reports that China’s Dalian Wanda Group is looking to raise $1.5bn from domestic Chinese investors for its film unit, valued at ¥35bn ($5.36bn). According to documents seen by WSJ, Wanda Pictures is preparing to go public later this year, through an IPO, a backdoor listing or an asset injection into another company controlled by Wanda.