Q&A Site Zhihu Plans Second Listing in Hong Kong

Zhihu
(Source: Zhihu)

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Chinese online Q&A platform Zhihu is planning a second listing in Hong Kong that could raise about $300 million, Bloomberg reported on Friday, citing people with knowledge of the matter.

The company is working with advisers on the listing and could file as soon as this month. Details of the offering’s size and timing are preliminary and subject to change, the people said.

Zhihu raised $523 million in a New York IPO in March last year, led by Credit Suisse Group AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co.

Rumors of Zhihu‘s second listing in Hong Kong have already appeared. According to Jiemian News’ report in December last year, Zhihu plans to go public in Hong Kong in the near future and submitted IPO documents in January 2022. On the same day, Zhihu responded that the firm had not heard of the plan.

With the strict supervision of overseas listings, many Chinese companies have returned to Hong Kong for listing purposes. The last firm to complete a so-called homecoming listing in Hong Kong was Chinese Twitter-like website Weibo in December, which raised $436 million.

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