An application for Shanghai-based online education firm Hujiang’s initial public offering (IPO) may have expired, reported Chinese financial blog, IPO Zaozhidao, on Tuesday.
Hujiang filed the IPO application on July 3, and passed the review on the Hong Kong stock exchange post-listing hearing on Dec. 7, according to its disclosure page on the exchange’s website.
The page has not been updated since. A six-month deadline following the post-listing hearing dictates that the company’s IPO efforts will be suspended, according to IPO Zaozhidao’s report, which has been widely cited in Chinese media.
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