Original title: Betta listed in the United States tonight: the IPO price is determined to be $11.50
Tencent technology news on July 17, the live broadcast platform Betta announced that the IPO offering price was $11.5/ads, and the previously announced offering price range was $11.5-14 / ads.
On April 22, Betta submitted an IPO application to the New York Stock Exchange with the stock code of Doyu.
According to the prospectus, in 2016, 2017 and 2018, the annual operating revenue of Betta was RMB 787 million, RMB 1886 million and RMB 3654 million respectively, and the net losses were RMB 783 million, RMB 613 million and RMB 876 million respectively.
On July 3, Betta updated its prospectus, which disclosed the results of the first quarter of 2019.
According to the prospectus, the revenue of Betta in the first quarter of 2019 was RMB 1.489 billion, an increase of 123.24% compared with RMB 667 million in the same period of last year; The net profit was 18.2 million yuan, an increase of 111.67% compared with the loss of 156 million yuan in the same period of last year.
In terms of data, as of the first quarter of 2019, the average monthly life of Betta PC platform was 110 million, that of mobile platform was 49.1 million, and the overall average monthly life was 159 million, a year-on-year increase of 25.7% compared with 127 million in the same period last year. The quarterly average arrpu value was 226 yuan, an increase of 77 yuan over the same period last year. The average payment rate of users was 3.8%, an increase of 0.9 percentage points over the same period last year. The three-month average retention rate of Betta is 69%, and 78.6% in a single month.