Himalaya officially applies for listing on the Hong Kong Stock Exchange

Online audio platform Himalaya submitted a listing application to the Hong Kong Stock Exchange. In September last year, Himalaya terminated the process of listing in the United States. The documents of the Hong Kong Stock Exchange show that Himalaya intends to adopt a structure of weighted voting rights and a structure of beneficiaries of different voting rights. In addition, in 2021, Himalaya's average monthly active users will reach 268 million, including 116 million average monthly active users on mobile and 152 million average monthly active users listening to audio content through IoT and other open platforms.

According to Reuters, Himalaya said when referring to its previous planned listing in the United States: “In view of market conditions, we believe that the Stock Exchange is a more suitable venue, and therefore has withdrawn the F-1 registration statement on September 9, 2021, Termination of the proposed U.S. listing process."

The prospectus shows that Himalaya’s revenue in 2021 will be 5.86 billion yuan, a year-on-year increase of 43.7%; the adjusted loss for the year in the same period is 760 million yuan and the adjusted loss of 540 million yuan in the previous year.

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