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