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Chinese Audio Platform to List in Hong Kong After Scrapping U.S. IPO Plans

The proprietor of a preferred podcast and audio platform in China filed for an preliminary public providing in Hong Kong shortly after scrapping plans to listing in New York, displaying how a Chinese language regulatory crackdown on U.S. listings is forcing homegrown tech corporations to vary course.

Ximalaya Inc., a nine-year-old firm whose identify in Chinese language means Himalayas and is thought for its audiobooks and podcasts, in April filed a draft prospectus for a U.S. IPO on the New York Inventory Trade or Nasdaq Inventory Market .

https://www.wsj.com/articles/chinese-audio-platform-to-list-in-hong-kong-after-scrapping-u-s-ipo-plans-11631616407?mod=rss_markets_main | Chinese language Audio Platform to Checklist in Hong Kong After Scrapping U.S. IPO Plans

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