Wanda Cinema Cuts Scale of IPO, Set To Raise $210 Million

Dalian Wanda is to go ahead with the share flotation of Wanda Cinema Line, China’s biggest private sector movie theatre chain, but it has scaled back the size of the offering.
The IPO on the Shenzhen Stock Exchange will be conducted at RMB21.35 per share with the company selling 60 million shares or close to 11% of the company. That will raise RMB1.28 billion or $209 million.