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WSG - Wanda Sports Group Gathers Cash To Outlast Pandemic
Wanda Sports Group Company Limited
Quick Take
Wanda Sports Group (WSG) went public in July 2019, pricing its shares at $8.00 in a U.S. IPO.
The firm provides a range of sports events and related marketing services worldwide.
WSG is selling a major unit to pay down debt and has significant cash to weather the Covid19 pandemic’s ill effects, but the event industry faces years of lower attendance ahead as the world slowly emerges from the pandemic.
My bias on the stock is Neutral for an extended period.
Company
Beijing, China-based Wanda Sports was founded to unite people