Chinese Q&A platform Zhihu filed a draft prospectus for a Hong Kong listing on Monday, 13 months after it raised $523 million in an IPO on the New York Stock Exchange. The company plans to raise HK$ 1.3 billion ($172 million) with a valuation that may reach up to HK$16.4 billion. The Quora-like platform is opting for a dual primary listing, through which it will be subject to full requirements in both Hong Kong and New York. Zhihu’s IPO comes at a time when US-listed Chinese stocks are reeling from increasing regulatory pressures. The US Securities Exchange Commission has threatened to delist overseas companies that fail to provide accounting access to the US regulators for three consecutive years. [Caixin, in Chinese]
Chinese Q&A platform Zhihu prepares for $172 million Hong Kong dual listing · TechNode
