KUKE Music Holding Limited Successfully Listed on the New York Stock Exchange (NYSE: KUKE)
Industry: Education and Cultural Technology
Listing Date: 2021/1/12, NYSE
Funding Amount: 50 million USD
Partners: Tiger Brokers, Deutsche Bank Securities, AMTD, Huatai International
Yangkang Asset successfully assisted KUKE Music Holding Limited (KUKE) in listing on the New York Stock Exchange in the United States, raising 50 million USD and demonstrating the potential of Asian digital music and educational content companies in the international market. KUKE is a leading classical music licensing and smart music education platform in China, with business covering music inventory licensing of over 800,000 compositions, educational content platforms, and R&D of smart pianos and teaching hardware. In this listing, the company issued 5,000,000 common shares at $10 per share, strengthening its capital base in the digital education and content licensing market.
With this funding, KUKE accelerates the expansion of its music content licensing footprint, invests in R&D of smart piano teaching products, and optimizes its online education platform and digital interactive features. The company also strengthens collaboration with schools and educational institutions to enhance the application and popularization of educational content. Furthermore, KUKE actively expands its brand visibility in the global classical music community, participating in and hosting multiple large-scale music festivals and educational events to promote the popularization and innovative application of classical music. Looking ahead, KUKE will continue to focus on the integration of technology and culture to build a world-leading music education and licensing platform.