China’s biggest fitness app Keep has renewed its application to Hong Kong Exchanges and Clearing (HKEX) for an initial public offering, according to an official Tuesday release by the bourse. Keep has filed for a Hong Kong IPO in February, but no progress was made before the prospectus expired at the end of August. A person close to Keep told Chinese media outlet Caixin that HKEX didn’t reject the company’s application. Keep raised nearly $650 million in nine rounds of fundraising, with the most recent round in January 2021 valuing the company at over $2.4 billion. In the first quarter of this year, Keep reported a 37.6% year-on-year increase in revenue to RMB 417 million ($60 million), while its net loss narrowed by 35% to RMB 155 million, mainly due to a significant drop in marketing expenses. The company is yet to disclose its financial figures publicly for the April to June period. [HKEX]