Zhihu Seeks Hong Kong IPO: Report

December 27, 2021 5:36 AM | 1 min read | Make a Comment

Chinese question-and-answer website Zhihu Inc ZH, which went public in the U.S. in March 2021, is considering another initial public offering in Hong Kong, Bloomberg reports.
Zhihu looks to submit documents for its share offerings in Hong Kong in January.
Some of Zhihu’s significant shareholders, including a Tencent Holdings Ltd TCEHY associate, have pulled out, leaving CEO Zhou Yuan with a 99.3% holding, while CTO Li Dahai owns the remaining stake.
Zhihu shares have tumbled 44% following its U.S. IPO.
Earlier this week, Beijing’s internet regulator also summoned the website operator to publish and transfer banned information.
Zhihu vowed to suspend related functions while it rectifies the problem.
Price Action: ZH shares closed lower by 2.94% at $5.28 on Thursday.