Facing headwinds

CMGE presses ahead with potential down-round HK IPO

The Shenzhen-based mobile game publisher returns to Hong Kong four years after take-private. However, it may yet fail to achieve the valuation it had when delisted.

CMGE Technology Group hopes to overcome some of the bearish sentiment surrounding the mobile gaming sector in Hong Kong by pressing ahead this week with an initial public offering worth up to HK$1.3 billion ($166 million).

¬ Haymarket Media Limited. All rights reserved.

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