BEIJING, April 30 (TMTPOST)— Ximalaya Inc. filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission on Friday and planned to list on the New York Stock Exchange (NYSE) under the symbol “XIMA”, with Goldman Sachs, Morgan Stanley, BofA Securities and CICC as underwriters for the deal. The company, backed by Chinese tech giants Tencent, Xiaomi and Baidu, is the largest online audio platform in China in terms of average monthly active users (MAUs), total mobile listening time, and total revenues in 2020, according to CIC. In the first quarter of 2021, the platform posted revenue of RMB1.1552 billion (US$176.3 million), with the year-over-year increase of 65.2%, and the net loss decreased to RMB267.2 million (US$40.8 million), from RMB282.7 million for the same periods of 2020. And prospectus also showed its quarterly average MAUs grew 70.2% to 250 million from a year ago. As the top independent online audio app in China, its flagship mobile app “Ximalaya” that quarter witnessed the average mobile MAUs exceeded the sum of the nine apps that were ranked below it, according to CIC.