Market Chatter: Chinese Collectible Company Kayou to Revive Hong Kong IPO

MT Newswires Live

02/24

China-based trading card and collectible company Kayou relaunched plans for an initial public offering in Hong Kong, Reuters reported Friday, citing two sources with direct knowledge of the matter.

The company plans to submit its documents to the Hong Kong Stock Exchange as soon as February, the report said.

Kayou planned to launch its IPO in Hong Kong in 2024 but failed to obtain regulatory approval for the offering as China slowed the process due to market volatility, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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