Wanda Sports Group Co Ltd

Wanda Sports Group Co Ltd (WSG) priced its initial public offering on Jul 29, 2019 at $8.00 per ADS, raising $190.4M. At the IPO price its market capitalization was about $1.64B. Morgan Stanley was lead-left underwriter, joined by Deutsche Bank, Citigroup and Haitong and others. Paul, Weiss advised the company and A&O Shearman advised the underwriters.

Wanda Sports Group Co Ltd is a global sports events, media and marketing company that owns or holds rights to sports properties. Its revenue comes from events operation, media production and distribution, sponsorship and marketing, digital solutions and ancillary services, combining its Infront, WEH and WSC businesses.

Status

IPO

Ticker

WSG

Priced

Jul 29, 2019

IPO price

$8.00 per ADS

Raised

$190.4M

Market cap at IPO price

$1.64B

First filed

Jun 7, 2019

Underwriters

Morgan Stanley, Deutsche Bank, Citigroup, Haitong, CICC, CLSA, Societe Generale, CIBC, Loop Capital and US Tiger

Company counsel

Paul, Weiss

Underwriters' counsel

A&O Shearman

Sector

Consumer

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.