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500.com File For US IPO

SBC News 500.com File For US IPO

Chinese digital lottery and sports betting operator 500.com has filed for a $150m initial public offering. The Chinese operator has yet to declare how many US depositary shares it is willing to to offer in its initial filing. 500.com has applied to list on the New York Stock Exchange under the symbol WBAI. Deutsche Bank AG is managing the offering. …

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