Hello, Inc. (HELO)
|Net Income (ttm)||-720.44M|
Hello, Inc. has filed to go public with an IPO on the NASDAQ.
Despite the positive news, the filing reveals that Hello Inc. still has a ways to go to reach maturity. The company has faced massive losses.
Chinese bike-sharing giant Hello Inc. filed for an initial public offering (IPO) in the U.S. on Friday after reporting net losses for three consecutive years.
Hello is a leading local services platform in China and operate the popular mobile app Hello, which offers a range of local services. Our platform uses technology and innovation to provide our users with local services which are necessary, frequently consumed and inclusively priced to reach and serve a broad user base. Our local services currently include shared two-wheeler services, a carpooling marketplace, and emerging local services and products, including e-scooters and other services which we are pilot testing, such as an in-store service... [Read more...]
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In 2020, Hello's revenue was 6.04 billion, an increase of 25.32% compared to the previous year's 4.82 billion. Losses were -1.13 billion, -24.66% less than in 2019.