Yalla Technology FZ-LLC, which develops a voice-chat app that focuses on the Middle East market, is planning an initial public offering in the U.S., people familiar with the matter said.
The Hangzhou-based company is working with financial advisers on the planned share sale that could raise about $100 million to $200 million, said the people. The timeline of the IPO hasn’t been finalized, said the people, who asked not to be identified because the information is private.
