Ximalaya, a leading Chinese online voice audio platform, withdrew its plans for an initial public offering on Thursday. It originally filed in April 2021 with an estimated deal size of $500 million.
The Shanghai, China-based company was founded in 2012 and booked $687 million in revenue for the 12 months ended March 31, 2021. It had planned to list on the NYSE under the symbol XIMA. Goldman Sachs, Morgan Stanley, BofA Securities, and CICC were set to be the joint bookrunners on the deal.
