YH Entertainment – HK$490 Million IPO

Hong Kong – January 23, 2023 – Cooley advised YH Entertainment, an established artist management company in China, on its HK$490 million ($63 million) global offering. Partners Michael Yu and Will Cai led the Cooley team.

According to Frost & Sullivan, YH Entertainment ranked first among artist management companies in China, with a market share of 1.9% in terms of artist management revenue in 2021.

CSCI and CMS served as joint sponsors, joint overall coordinators, joint global coordinators, joint bookrunners and joint lead managers for the global offering. Valuable Capital, China Everbright Securities, CSFG International Securities, Guosen Securities, uSMART Securities, Tiger Brokers, Futu Securities, Guotai Junan Securities and Livermore served as joint bookrunners and joint lead managers, with Zheshang International Financial and Easy Securities serving as joint lead managers.

Since its establishment in 2009, YH Entertainment has grown into a culture and entertainment platform comprising three complementary businesses of artist management, music intellectual property production and operation, and pan-entertainment business development.

Notably, this is Cooley’s second Hong Kong initial public offering in 2023 and the fourth Hong Kong IPO project in the past few weeks.

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