Will Hollywood studio STX Entertainment be listed on the Hong Kong Stock Exchange? As of now, no official response has been given, but in the previous related reports it can be seen that the company has been implying its potential. Will be listed within a year. Recently, Robert Simonds, Chief Executive Officer of STX, revealed in the South China Morning Post that STX is very likely to be listed because the company had already completed plans to establish an office in a Chinese city. Hollywood Studio STX Entertainment According to Robert Simonds, "The mall's business itself is sustainable, and in addition to the movie business, we had already provided the corresponding capital for all other businesses in the previous round of financing." But he did not specifically Disclose the target amount and timetable for fundraising in the IPO (initial public offering). But Robert Simonds emphasized that "This year, STX Studios has spent 600 million to 1 billion U.S. dollars in the movie business and plans to spend the same amount or more in the film business next year. At the same time, the budget will be different. Half of it will be used for television, streaming media and virtual reality (VR) services." Robert Simonds claims that recently, Wanda Group's use of $3.5 billion to acquire Legendary Entertainment was "a very sensible deal." At the same time, he also stated that STX will also make money for its partner Wanda Group, but he is convinced that although many investors did not invest for some financial reasons at the time, there are many other Sino-US deals for Chinese partners. There will be no better results in terms of financial recovery. China’s Tencent Group and Hong Kong’s telecommunications giant PCCW all purchased STX’s equity in the last round of financing in August. It is expected that it will spend on television and international operations, digital platforms and other entertainment activities (including virtual reality). According to Simonds, "All these investments, plus our own credit facilities, will be led by JP Morgan and Bank of America, and we will receive nearly $700 million in new capital. †STX was founded in 2014 and its company recently produced "The Edge Of Seventeen" and the upcoming "The Space Between Us" and "The Bye Bye Man" movies.
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