China's Wanda Sports raises $190.4 million in downsized IPO

Wanda Sports Group , a sport events owner whose interests include selling sponsorship rights to the FIFA World Cup, said on Friday it priced a smaller-than-expected U.S. initial public offering (IPO) below its targeted range to raise $190.4 million. The Beijing-based company, a unit of Chinese conglomerate Dalian Wanda Group, sold about 23.8 million American depositary shares (ADS) at $8 each, compared with a previously stated target of selling 28 m