Chinese film producer and distributor, Bona Film Group is poised to raise $215 million through an initial public offering on one of China’s stock markets.The company is expected to be valued at upwards of $2.4 million, according to Chinese news agency CGTN. That compares with just under $816 million (RMB5 billion) when the company took itself off the NASDAQ market in mid-2016.The company provided details of its finances and its recent fund-raising in a prospectus filed at the end of...
Bona Film Group
Dong
Yu
Founder / Chairman / CEO
A big-money risk-taker, Yu is one of China’s most prominent film executives, producing and distributing Chinese-language releases. He headed up domestic distribution at state-owned China Film Group, then at the dawn of the region’s film-industry reform movement in 1999, he founded Polybona — aka Bona Film, which has gained the nickname the Chinese Miramax. Working initially with Hong Kong talent, the company notched off a few firsts: first to attract venture capital finance, first to launch a film fund, first Chinese film company listed on NASDAQ. In 2016, Yu up and de-listed the company, and his plans for a new IPO back in China have come to naught. But with his unmatched ability to read the market, this game is far from over.