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China’s Wanda Sports drops US IPO target

In an amended filing with the US Securities and Exchange Commission, Wanda Sports Group has cut the size of their US initial public offering from $500m (€449m) to $308m.

According to Reuters, Wanda Sports, a unit of Chinese conglomerate Dalian Wanda, set its new IPO price range at $9-$11 per share, compared to its previous range of $12-$15.

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