China’s Largest Bike Share Files for USA Float

By Phil Latz | 12th May 2021 |

China Hello, China’s largest bike-share provider, recently filed information in preparation for its U.S. IPO (initial public offering). After three consecutive years of losses, the Ant-backed micromobility giant plans to raise as much as US$1 billion (A$1.3 billion) through its public offering.   As of the end of 2020, Hello had 10 million two-wheelers across 400 cities with approximately 100m active users in China.  In 2020 it facilitated 5.1 billion bike trips, generating an average of US$0.17 (A$0.22) per ride –…