Today, Soul announced that after careful consideration, management first suspended the IPO pricing process. Our majority shareholder, Tencent, also supported this decision.
The announcement reads as follows:
Dear investors,
Hello everyone!
Thank you all for your continued support for Soul. Everyone knows that we are applying for an IPO in the US, and the process has been very smooth. We met strategic partners and investors who loved us very much along the way, and received support from many parties. We are very happy to have received very positive market feedback after updating the pricing range. In the process, the company also received the possibility of other capital operations. After careful consideration, management first suspended the IPO pricing process. Our majority shareholder, Tencent, also supported this decision.
Soul is currently operating normally and will also usher in the anticipated growth. We will let more people use our products and pass on goodwill, warmth, and truth to more Soulers. Thanks again to everyone!
Soul team
2021.6.23