Softbank-backed Chinese fitness app Keep Inc renews plans for Hong Kong IPO


Source: dealstreetasia.com dealstreetasia.com

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Keep Inc, China’s most popular fitness app backed by SoftBank’s Vision Fund and Tencent Holdings, renewed its effort to sell shares in Hong Kong weeks after its first application expired. Keep submitted another application to the Hong Kong stock exchange for an initial public offering, according to a Tuesday release by the bourse. The company updated its financials in its new application, showing 37.6% revenue growth in the first quarter.