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Shares Of Recent IPO Huya Keep Rising

Morning Report: Happy Monday if you are a Huya shareholder. 

Continuing our coverage of this year’s decently populated IPO class (more on that soon, I promise), Crunchbase News checked in on shares of Huya today, a recent IPO. The Chinese-headquartered esports streaming shop had a strong first day’s performance last week, which Huya has managed to best on its second day of trading.

Shares of Huya are up 10.15 percent today, worth $17.69 apiece. The firm went public at $12.

The company’s success matters for two reasons. First, it makes Amazon 2014 acquisition of American esports streaming company Twitch look cheap with its roughly $1 billion pricetag. Huya is now worth well north of $3 billion, using very rough math. (It’s Monday morning. We’ll be better at sums by Wednesday.)

Since we don’t know much regarding Twitch’s own financials, it’s hard to make a direct comparison. But in hindsight, Huya does at least make Amazon seem sane.

Finally, the company’s success shows continued appetite for new tech offerings and demand for unprofitable foreign listings on American shores can even take part in less mature technology verticals and do just fine.

That’s an IPO window well open.

From The Crunchbase Daily:

Singapore’s Carousell and Carro raise big rounds

Two Singapore-based startups just pulled in big rounds. Carousell, a mobile listing service that operates across Southeast Asia, raised $85 million in a Series C round led by Rakuten Ventures and EDBI. Carro, an online auto marketplace, raised $60 million in Series B funding from Softbank and other backers.

Huya soars in IPO

Shares of Huya, the leading China-based game streaming platform, rose 34 percent in first-day trading on the New York Stock Exchange Friday. The offering follows several quarters of sharp growth, with annual revenues nearly tripling last year.

CRV closes $600M fund

Venture firm CRV has raised $600 million for its seventeenth fund, which will back technology startups across all stages. The 48-year-old firm is changing its investment style a bit for the latest fund, including a new focus on growth deals alongside early stage rounds.

VCs get into construction

Venture investment has perked up over the past few years for companies looking to disrupt the building industry. Funding for the space is on track this year to hit a multi-year high.


Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.

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