Yalla Group Seeks $149 Million U.S. IPO

|
About: Yalla Group Limited (YALA), Includes: FB, SNAP, TWTR
by: Donovan Jones
This article is exclusive for subscribers.
Summary

Yalla Group Limited has filed proposed terms for a $149 million U.S. IPO.

The firm operates a voice-centric social network focused on the MENA region.

YALA has produced enviable financial results and has strong industry growth dynamics in its favor, so the IPO is worth a close look.

Quick Take

Yalla Group Limited (YALA) has filed to raise $149 million in an IPO of its American Depositary Shares [ADSs] representing underlying Class A shares, according to an F-1 registration statement.