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

Company could be valued at around $3 billion when it floats shares, following the official scrapping of its original New York listing plan

This article only represents the author's own views.

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 Kong or even on the Chinese mainland itself. That’s what’s happening at leading podcast platform Ximalaya Inc., which filed this week to list shares in Hong Kong after informing the U.S. securities regulator it was officially abandoning its original New York listing plan first announced in March.

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Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

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