Ain’t nobody stopping Ant Group from getting to the public markets, even if they have to cycle their way there (pun very much intended!).
Hello Inc, the Chinese bike-sharing giant that is backed by Ant, has reportedly filed for a US public listing confidentially. The IPO size is still to be determined, but word on the street is that the Shanghai-based startup (which is valued at $5b) can raise up to $1b.
At the expense of sounding like a broken record, Hello joins a long list of tech companies taking advantage of the surge in valuations to publicly list their shares, including Instacart, Coinbase, and Bumble (BMBL).