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Ximalaya Pushes Back Hong Kong IPO Launch Amid Volatility

  • Timeline for IPO of up to $100 million judged too difficult
  • Chinese audio startup weighed launching as soon as next week
The  Ximalaya website.

The  Ximalaya website.

Updated on

Chinese podcasting startup Ximalaya Inc. is pushing back the launch of its planned initial public offering in Hong Kong, in an abrupt change of heart amid market volatility, people familiar with the matter said. 

The Shanghai-based company was speaking with potential cornerstone investors in recent days and was considering to start taking orders as soon as next week if talks go well, Bloomberg News reported earlier. It has now decided to hold off until September at the soonest, the people said.