Chinese Streamer iQIYI to Raise New Finance in Debt and Equity Markets
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variety.comPatrick Frater Asia Bureau ChiefChinese streaming platform iQIYI is returning to the U.S. financial markets for a twin-pronged capital injection.
On Tuesday it unveiled plans to raise $800-900 million from the sale of debt instruments, and a similar sum from the sale of new shares.The moves come as the company makes public play of expansionary developments in Southeast Asia, including the opening of a regional office in Singapore which it says will eventually have 200 staff.
The prospectus that accompanies the twin capital raising exercises, points instead to the business still being substantially based in mainland China.
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