Beijing Fun Age Entertainment plans IPO

Beijing Fun Age Entertainment Co Ltd, China's first comedy stage play company listed on the New Third Board, is planning to have an initial public offering - as part of its strategy to fund a new round of development and capture bigger audiences.

The company said it has been preparing to list on the Small and Medium Enterprise board in due course, after having achieved increased revenue and profits, according to a filing this week.

Fun Age Entertainment grabbed investors' attention last March, when its valuation topped 5.02 billion yuan ($728 million) - 47 times that of two months earlier.