EQUAL OCEAN – Nasdaq-listed Hello Group (formerly known as Momo) has kicked off its plan to list in Hong Kong recently, and it is likely to go public in 6 to 12 months should things go smoothly. The group, owner of the popular dating app Momo and other Internet services, was listed on the US exchange in Dec 2014, with Morgan Stanley, JP Morgan Chase & Co, and Credit Suisse as underwriters. According to the company's Q3 2021 financial report, its revenue totaled 580M, down 0.2% YOY, while net income stood at $62.6M, shrinking 11.8% from the same period in 2020. The two main revenue streams, Momo and Tantan, accounted for 86.4% and 13.6% of the total revenue respectively.
by Tzuhsuan Tang
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