China's Wanda Sports files for IPO in US partly to repay debt

China's Wanda Sports files for IPO in US partly to repay debt

Pedestrians walk past Dalian Wanda Group's Wanda Plaza building in Beijing, China, May 17, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Wanda Sports Group Co., a unit under Chinese billionaire Wang Jianlin’s conglomerate Dalian Wanda Group Co., filed to go public in the U.S. with a goal of raising funds to pay down debt.