Kuke Music Holding Ltd

Kuke Music Holding Ltd (KUKE) priced its initial public offering on Jan 13, 2021 at $10.00 per ADS, raising $50M, and listed on NYSE. At the IPO price its market capitalization was about $295.7M. Deutsche Bank was lead-left underwriter, joined by US Tiger and Valuable Capital. Kirkland & Ellis, Conyers Dill & Pearman and Commerce & Finance advised the company and Davis Polk and Tian Yuan advised the underwriters.

Kuke Music Holding Ltd provides classical music licensing, subscription and education services in China, drawing on a large content library and expertise in music education.

Status

IPO

Ticker

KUKE

Exchange

NYSE

Priced

Jan 13, 2021

IPO price

$10.00 per ADS

Raised

$50M

Market cap at IPO price

$295.7M

First filed

Dec 18, 2020

Underwriters

Deutsche Bank, US Tiger and Valuable Capital

Company counsel

Kirkland & Ellis, Conyers Dill & Pearman and Commerce & Finance

Underwriters' counsel

Davis Polk and Tian Yuan

Sector

Business services

Country / state

China

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.