STX Entertainment, Robert Simonds' ambitious mini-studio, is eyeing an initial public offering of its shares in Hong Kong, according to reports.Simonds told the South China Morning Post that STX is poised to open an office in Hong Kong and that the special administrative region of China is also his favored location for an IPO. Those moves would position the company well for its role as a gateway between China and Hollywood.STX already has a number of Chinese investors, including Hony...
STX Entertainment
Robert
Simonds
Chairman / CEO
The ambitious STX honcho has been building out the new fully integrated entertainment outlet since its 2014 launch. Formerly an independent producer, Simonds co-founded STX eager to fill the vacuum left by competitors who passed up mid-budget pictures in favor of pricey tentpoles. With an eye toward cross-platform expansion into emerging global markets, STX in 2016 received an influx of funding from PCCW, Tencent Holdings and others. The company expanded its TV and international operations, adding high-quality, full-scale capabilities across music and digital, including short-form, app-based and virtual-reality/immersive entertainment. He generated more than $6 billion from some 30 titles in his early days, featuring a slew of Adam Sandler comedies.