*By Jacqueline Corba*
The Chinese gaming firm Huya made its public market debut Friday, trading up as much as 41 percent from its IPO price of $12.
"We are very glad," said Huya's chief financial officer, Henry Sha, in an interview with Cheddar shortly after the company began trading on the New York Stock Exchange. "The e-sports environment in the U.S. market is quite good. A lot of gamers, a lot of e-sports are enthusiastic here, so we believe that the U.S. investor, the U.S. market can understand more about our company."
Huya's live-gaming platform has an average of 40 million active monthly users on mobile. In 2017, revenue was $344 million.
Sha said China is the primary market for Huya, but there is great potential among gamers in the United States.
Huya aims to raise $165 million in its public offering, Sha said, with the intention of using the capital to invest in e-sports and content creators.
Chinese entertainment giant Tencent is the second-largest stakeholder in Huya, and will maintain its 39.5 percent ownership. "We are very excited about future collaboration with Tencent," said Sha.
For the full interview, [click here](https://cheddar.com/videos/huya-soars-in-market-debut).
Sumo Logic's Ramin Sayar, president and CEO, joined Cheddar to discuss the decision to take the company public and its success as more businesses turn to the cloud.
As Ford gears up for production of its 2021 F-150, more jobs are being added to meet demand for the electric version of the truck. Kumar Galhotra, president of the Americas & international markets group, joined Cheddar to discuss.
Facebook announced it is teaming up with Ray-Ban maker EssilorLuxottica to launch its first pair of smart glasses in 2021.
Unqork, has become a virtual bridge between people and government services as COVID-19 forces agencies to reduce normal operations. Cas Holloway, Unqork's head of enterprise, joined Cheddar to discuss the convenience of the service provides, particularly when it comes to marriage licenses.
The latest news and headlines from Apple's latest product reveal including the latest on the Apple Watch, IPads, and more.
Jeff Thomas, Nasdaq's head of tech listings, joined Cheddar to discuss the spate of tech companies set to go public.
Oracle said Monday that the Chinese owner of TikTok has picked the U.S. company to be its “trusted technology provider,” beating out rival Microsoft in a deal that could help keep the popular video-sharing app running in the U.S.
As more people stay indoors and work from home amid the pandemic, home upkeep is surging. Chairish co-founder Anna Brockway joined Cheddar to discuss the surge in home decor and hot items people are buying.
Figuring out best practices when it comes to preventing airborne transmission is inherently challenging though, especially when it comes to the technical aspects of retrofitting ventilation systems.
Peloton reported a substantial jump in revenue, raking in more than $600 million in the fourth quarter
