China’s JOYY Is Said to Consider Second Listing in Hong Kong

Nov. 16, 2020, 9:40 AM UTC

Chinese live-streaming company JOYY Inc. is mulling a second listing in Hong Kong, according to people familiar with the matter, joining a growing cohort of U.S.-listed firms from the Asian nation in seeking a trading foothold closer to home.

Nasdaq-listed JOYY has been in discussions with potential advisers, the people said, asking not to be identified as the information is not public. While a fundraising size has not been finalized, the company could sell about 5% to 10% of its share capital, one of the people said.

JOYY has a market capitalization of about $7.6 billion and its shares have ...

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