Hello Inc. Cancels U.S. IPO in Possible Ramification of Didi Penalty

(Source: Sohu)

Hello Inc., an app-based urban transportation provider, has scrapped plans for a U.S. initial public offering just three months after the firm submitted its prospectus to the US Securities and Exchange Commission (SEC), according to information disclosed Wednesday on the SEC website.

The Shanghai-based firm is a bike-sharing enterprise back…