Maoyan is floating in Hong Kong at the bottom of its range, in an offering that will provide exits to Enlight, Tencent and Meituan Dianping.

Maoyan Entertainment, the China-based online film ticketing platform backed by corporates Enlight Media, Tencent and Meituan Dianping, will raise $250m in its initial public offering, Reuters reported today, citing a term sheet. The IPO will involve the company floating at the foot of the HK$14.80 and HK$20.40 ($1.89 to $2.60) range it set earlier this…

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