Kayou IPO Hearing Failed After Expiry, Despite Over 10 Billion Revenue

Kayou passed the HKEX hearing in June 2025, but its prospectus expired due to the 6-month filing deadline. The company faces regulatory inquiries and a buyback obligation under a put agreement. AI-generated

Why it matters：Analyzes why Kayou's IPO stalled, examining compliance challenges for high-margin card business under regulatory and capital pressure.

Source：新浪网 · Read the original ↗