China's leading online fitness platform Keep announced its Hong Kong IPO on Tuesday. The final offer price for the IPO is set at HK$28.92 (26.62 yuan, US$3.7), and the company is expecting to raise HK$192 million.
Keep expects its shares, with the stock code 3650, to begin trading on the Hong Kong Stock Exchange on July 12.
Keep, founded in 2014, gained popularity for its online fitness content and quickly attracted a large user base. In its prospectus, Keep reported revenue of 2.21 billion yuan in 2022, showing a 36.6 percent increase compared to the previous year. The company's adjusted net loss also reduced to 667 million yuan.
