News on June 24th, today, there is market news that Himalaya has suspended its Hong Kong IPO plan due to lack of investor support for financing. Himalaya plans to raise up to US$100 million through a Hong Kong IPO.
Subsequently, some media quoted people familiar with the matter as saying that the current listing plan of Himalaya is in normal progress and has not been suspended.
As of press time, the Himalayan official has not yet responded to this.
On May 1, 2021, Himalaya went to the United States to submit an IPO application. Four months later, it announced that it would no longer advance its IPO plan in the United States and turned to Hong Kong stocks. On September 13, Himalaya officially submitted a prospectus for Hong Kong stocks. Six months later, the prospectus showed “invalid” because the audit data stipulated by the listing rules expired.
On March 29, 2022, Himalaya resubmitted updated data and information in accordance with the listing rules of the Hong Kong Stock Exchange, with Goldman Sachs, Morgan Stanley and CICC as joint sponsors. This is the third time that Himalaya has submitted a prospectus.
According to CIC, in terms of the total listening time of online audio mobile terminals and the total online audio revenue in 2021, Himalaya is the largest online audio platform in China, and its online audio revenue accounts for about 28% of the market share of China’s online audio industry. %.
The prospectus shows that in 2019, 2020, and 2021, Himalaya’s total revenue was 2.698 billion yuan, 4.076 billion yuan, and 5.857 billion yuan, respectively; the losses recorded during the year were 1.925 billion yuan, 2.882 billion yuan, and 5.106 billion yuan respectively; non-international According to financial reporting standards, the adjusted losses for the year were 749 million yuan, 539 million yuan, and 759 million yuan respectively, and the accumulated net loss for three years exceeded 2 billion yuan.
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