Chinese real estate to hospitality company Dalian Wanda Group, part of Dalian Hexing Investment Co., plans to bag between $300 million to $500 million in the stock market listing of its sports unit in the U.S.
The listing, which was filed with Securities and Exchange Commission, will happen in the first half of this year.
Dalian Wanda said that its sports assets' listing will include Swiss sports marketing company Infront Sports & Media AG and World Triathlon Corp.
U.S.-based investment bank Citigroup, Deutsche Bank and Morgan Stanley are working on the offering.