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.
