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Chinese classical music platform Kuke listed on NYSE
Kuke Music Holding Ltd, which provides classical music licensing, subscription and education services in China, raised $50 million at a price of $10 per American Depositary Share in its initial public offering at the New York Stock Exchange on Tuesday.
Powered by a diverse library of content offerings, Kuke was the largest classical music licensing service provider in China and the second-largest online classical music subscription service provider in the nation in 2019.
Yu He, founder and chairman of Kuke, said from introducing world classical music copyrights to China, to developing classical music subscription services, to promoting intelligent music software and hardware, the company has been working hard to extend the popularity of classical music in China.
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