China’s Qiniu, a cloud-based platform-as-a-service supplier backed by Alibaba Group, additionally filed paperwork for a U.S. IPO.
The most important on-line audio platform in China, Ximalaya had 250 million common month-to-month common customers within the first quarter of 2021, in response to a regulatory submitting.
Ximalaya, which supplies a platform for customers to entry free or paid content material from skilled or beginner suppliers, was valued at $3.71 billion as of July 2018, in response to PitchBook. It has raised $225 million in funds from traders together with General Atlantic and Tencent.
Based in 2012, Ximalaya’s income elevated by greater than 48% from a 12 months earlier to round 4 billion yuan ($617.95 million) in 2020.
Goldman Sachs, Morgan Stanley , BofA Securities and CICC are underwriters on Ximalaya’s providing. Qiniu and Ximalaya didn’t disclose another particulars about their itemizing plans on Friday.
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