The SIG-backed, MENA-focused chatroom app developer has filed to raise up to $100m in an offering on the New York Stock Exchange.
China-based social media platform developer Yalla Group filed for a $100m initial public offering yesterday that will give quantitative trading firm Susquehanna International Group (SIG) a chance to exit.
Founded in 2016, Yalla runs an online platform that allows users in the Middle East and North Africa (MENA) to connect to voice-based chatrooms, play social games and exchange digital gifts. It has 12.5 million monthly active users, 5.4 million of which are paying users.
The company doubled revenue year…
