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Yalla Group Priced, NYSE: YALA

Provides a voice-centric social networking and entertainment platform in MENA.

Industry: Technology

Latest Trade: $6.81 -0.13 (-1.8%)

First Day Return: -6.7%

Return from IPO: -7.6%

Industry: Technology

We aspire to build the most popular destination for online social networking and entertainment activities in MENA. Leveraging our cultural insights, we identified voice chats to be uniquely suitable for online social networking and entertainment in MENA and pioneered the development of a voice-centric mobile social networking and entertainment platform in the region. Today, we are the largest voice-centric social networking and entertainment platform in MENA as measured by revenue in 2019, according to the Frost & Sullivan Report. We have built a large and vibrant Yalla community. In the second quarter of 2020, approximately 12.5 million users visited our platform on average each month; they spent a total of 309.5 million hours in our live voice chat rooms, or Yalla rooms, and played a total of 407.2 million rounds of casual games on Yalla Ludo. The number of paying users on our platform was 5.4 million in the second quarter of 2020. On average, active users of Yalla and Yalla Ludo spent approximately 4.5 hours and 1.4 hours on our platform every day in the second quarter of 2020, respectively.
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IPO News for Yalla Group
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IPO Data
IPO File Date 09/08/2020
Offer Price $7.50
Price Range $7.00 - $9.00
Offer Shares (mm) 18.6
Deal Size ($mm) $140
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/29/2020
Offer Price $7.50
Price Range $7.00 - $9.00
Offer Shares (mm) 18.6
Deal Size ($mm) $140
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Dubai, United Arab Emirates
Founded 2016
Employees 274
Website www.yallatech.ae