Chinese bike sharing operator Hello Inc. said to have suspended New York IPO plans

Chinese bike sharing operator Hello Inc. said to have suspended New York IPO plans

HelloBike bicycles stand parked on a sidewalk in Shanghai, China, on Wednesday, Jan. 9, 2019. Photographer: Qilai Shen/Bloomberg

Shared bike operator Hello Inc. has put its plans for a New York IPO on hold, a source said on Thursday, just a day after the 11th-hour withdrawal of another major Chinese high-tech listing by dating app Soul.

Hello, which is backed by Alibaba’s Ant Group financial affiliate, filed its prospectus for a New York listing on April 23, with a target of raising $100 million. But it never updated the fundraising figure, and its name recently was removed from a list of active IPO filings on the New York Stock Exchange’s website.

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