REUTERS: Chinese voice-chat app Yalla Group Ltd on Tuesday filed for a U.S. listing, looking to enter a rebounding market for initial public ...
REUTERS: Chinese voice-chat app Yalla Group Ltd on Tuesday filed for a U.S. listing, looking to enter a rebounding market for initial public offerings against the backdrop of rising tensions between Beijing and Washington.
The move comes as U.S.-listed Chinese companies are facing tightened scrutiny and strict audit requirements from U.S. regulators.Yalla, founded in 2016, is among few Chinese social-media companies that are tapping the booming wireless-services market in the Middle East and North Africa. Its IPO comes follows that of Chinese electric vehicle maker Xpeng Inc whose shares popped in their U.S. market debut after raising US$1.5 billion.
Yalla intends to list its American Depository Shares on New York Stock Exchange under the symbol"YALA", it said in a filing https://www.sec.gov/Archives/edgar/data/1794350/000119312520240880/d850602df1.htm#rom850602_4.Source: Reuters
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TikTok to join EU code of conduct against hate speechChinese video app TikTok, owned by Chinese company ByteDance, will be joining the European Union's voluntary code of conduct to combat illegal ...
Read more »
Snowflake looks to raise about US$2.38 billion in US IPOREUTERS: Snowflake Inc, backed by venture capital firm Sequoia, said on Tuesday it expects to raise about US$2.38 billion in its initial public ...
Read more »
Ex-Trump adviser Cohn raises more than planned in blank-check IPOGary Cohn, the former economic adviser to U.S. President Donald Trump, raised US$720 million on Tuesday in an initial public offering (IPO) for a ...
Read more »
Apple seeks damages from 'Fortnite' creator in App Store disputeApple Inc on Tuesday filed counter claims against 'Fortnite' creator Epic Games asking for lost App Store fees and other damages, and seeking an ...
Read more »
Apple seeks damages from Fortnite creator in App Store disputeApple Inc on Tuesday filed counter claims against 'Fortnite' creator Epic Games asking for lost App Store fees and other damages, and seeking an ...
Read more »
Apple seeks damages from 'Fortnite' creator in App Store disputeApple Inc on Tuesday filed counter claims against 'Fortnite' creator Epic Games asking for lost App Store fees and other damages, and seeking an ...
Read more »