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Podcast Leader Ximalaya Mounts New IPO Bid Closer to Home in Hong Kong

September 18, 2021
Source: benzinga.com benzinga.com
News Snapshot:
Key points: - Ximalaya’s ditching of its New York listing plan in favor of Hong Kong could mark the start of a new trend for Chinese tech firms that previously favored the U.S. - Company could be valued at a relatively high level due to its dominant position with more than two-thirds of the Chinese podcast market By Doug Young What will happen to the roughly half-dozen Chinese IPOs that got yanked from New York earlier this year amid growing pressure from both Washington and Beijing? It’s quite likely many could end up floating up closer to home in Hong...
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Tags: audio | Beijing | bid | China | Chinese | currency | education | finance | Guangdong | Hong Kong | ipo | mobile | New York | podcast | Renminbi | revenue | Shanghai | Shenzhen | smartphone | stock market | Sweden | technology | Washington | Xiaomi | Yuan

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