China's Ximalaya to file for Hong Kong IPO next week -sources - NewsBreak

HONG KONG (Reuters) - China's largest online audio platform Ximalaya will file for its Hong Kong initial public offering (IPO) next week after dropping its plans to list in the United States, according to three sources with direct knowledge of the matter. The Shanghai-based company announced on Thursday it would not proceed with its U.S. IPO, which Reuters reported in May aimed to raise about $500 million.