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IPO · YALA

Yalla Group Ltd

Yalla Group Ltd (YALA) priced its initial public offering on Oct 1, 2020 at $7.50 per share, raising $139.5M, and listed on NYSE. At the IPO price its market capitalization was about $888.7M. Simpson Thacher, Conyers Dill & Pearman and JunHe advised the company and Cleary Gottlieb, Hadef & Partners and Jingtian & Gongcheng advised the underwriters.

Yalla Group Ltd operates Yalla, a voice-centric social networking and entertainment platform in the Middle East and North Africa. The platform serves an interactive community of mobile users.

Status
IPO
Ticker
YALA
Exchange
NYSE
Priced
Oct 1, 2020
IPO price
$7.50
Raised
$139.5M
Market cap at IPO price
$888.7M
First filed
Sep 8, 2020
Company counsel
Simpson Thacher, Conyers Dill & Pearman and JunHe
Underwriters' counsel
Cleary Gottlieb, Hadef & Partners and Jingtian & Gongcheng
Sector
Technology

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.

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Filings

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