Ximalaya resubmitted its Hong Kong stock prospectus: Revenue of 5.86 billion yuan in 2021

2022-05-28 0 By

Financial network technology, March 29, according to Sina Technology news, Chinese online audio platform Ximalaya today again submitted to the Hong Kong Stock Exchange IPO (initial public offering) prospectus, the IPO underwriters are Goldman Sachs, Morgan Stanley and China International Capital Corp.On September 13, 2021, Ximalaya submitted its IPO prospectus to the Hong Kong Stock Exchange for the first time.In March, its application for a Hong Kong listing appeared to be “invalid”.The company’s revenue from 2019 to 2021 was 2.68 billion yuan, 4.05 billion yuan and 5.86 billion yuan, respectively, according to the prospectus.In 2021, Ximalaya’s subscription revenue was 2.99 billion yuan, up 49.0% year on year;Advertising revenue was 1.49 billion yuan, up 38.8% year on year;Livestreaming revenue was 1 billion yuan, up 39.6 percent year-on-year.The prospectus also shows that In 2021, Ximalaya’s R&D expenditure was 1.027 billion yuan, up 64.6% year-on-year and accounting for 17.5% of the total revenue in the same period, with technology and R&D personnel accounting for nearly 40%.