HONG KONG (Reuters) – Chinese game-streaming company Huya Inc, backed by Tencent Holdings Ltd, raised $327 million in a follow-on share offering, two people with direct knowledge of the matter said on Wednesday.

FILE PHOTO: The Huya logo is shown on the NYSE boards ahead of the company’s IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 11, 2018. REUTERS/Brendan McDermid/File Photo

Huya, which went public last year in New York, is part of a growing trend of Chinese tech companies returning to capital markets for cash soon after their initial public offering (IPO).

Huya sold 13.6 million primary shares at $24 each, the people said, a discount of 1.36 percent to its closing price of $24.33 on Tuesday. At the same