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Chinau0027s Ximalaya to file for Hong Kong IPO next week -sources

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News Snapshot: HONG KONG : China's largest online audio platform Ximalaya will file for its Hong Kong initial public offering (IPO) next week after dropping its plans to list in the United States, according to three sources with direct knowledge of the matter. The Shanghai-based company announced on Thursday it would not proceed with its U.S. IPO, which Reuters reported in May aimed to raise about US$500 million. Instead, it will press ahead with a Hong Kong listing and lodge its preliminary prospectus as early as Monday, two of the sources said. All three sources with direct knowledge of the…

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