Beijing – The Bona Film Group, China's biggest private movie distributor-turned-movie studio, has filed for a Nasdaq initial public offering seeking to raise $80 million through the sale of its shares to U.S. investors, papers filed on Tuesday in New York show.
Founded in 1999, Beijing-based Bona, run by CEO Yu Dong, has, after the state-run China Film Group, dominated the recent boom in China's box office through the co-production and distribution of films from China and Hong Kong, including such hit 2009 titles as director Teddy Chan's Bodyguards and Assassins.
The planned U.S. Ipo, the first in a foreign market for a major Chinese film studio, is expected early next year. B of A Merrill Lynch and J.P. Morgan in New York, the China Investment Capital Corp. in Beijing, and U.S. backers Piper Jaffray and Cowen and Co. will underwrite Bona's listing.
Though Bona, which was capitalized at $92.3 million as of Sept.
Founded in 1999, Beijing-based Bona, run by CEO Yu Dong, has, after the state-run China Film Group, dominated the recent boom in China's box office through the co-production and distribution of films from China and Hong Kong, including such hit 2009 titles as director Teddy Chan's Bodyguards and Assassins.
The planned U.S. Ipo, the first in a foreign market for a major Chinese film studio, is expected early next year. B of A Merrill Lynch and J.P. Morgan in New York, the China Investment Capital Corp. in Beijing, and U.S. backers Piper Jaffray and Cowen and Co. will underwrite Bona's listing.
Though Bona, which was capitalized at $92.3 million as of Sept.
- 11/17/2010
- The Hollywood Reporter - Movie News
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