Kayou is reviving its plans for an initial public offering in Hong Kong, with filing to be submitted as early as February, Reuters reported Feb. 21.
The Chinese trading card and collectible toy company, which previously attempted to list in 2024 but faced regulatory hurdles, is seeking about $500 million in the IPO, according to the report.
Improved IPO approval rates have encouraged more Chinese firms, particularly in the consumer and tech sectors, to seek offshore funding, Reuters wrote. Kayou follows the success of toymaker Bloks Group, which saw the retail portion of its IPO 6,000 times oversubscribed.
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