STX Entertainment Files For Hong Kong Stock Exchange Listing

Read on: Deadline

STX Entertainment, as has long been suggested would be the case, has filed for an IPO on the Hong Kong stock exchange. If accepted, the proposal would make Bob Simonds’ fledgling studio the first U.S.-based entertainment company to go public on the Hong Kong exchange. The company was valued at $1.5B last year, however, it has been reported previously that the company could be valued as high as $3.5B after the IPO. Since its inception, STX has been modeling itself to…