- Yalla Group Limited
Yalla Group Limited
Website
A Community Built on Voice
Voice connects us to our fellow humans.
Voice is unique, like a person’s signature, instantly recognizable by friends.
Voice is fun, stories, songs, jokes and gossips are among the oldest, as well as the most popular, forms of entertainment.
Voice is spontaneous, no need to look for a pen or a keyboard, just open the mouth.
Voice is powerful, it is an effective medium to convey ideas and emotions.
Voice is charming, few things are as beautiful as a loved one’s voice.
Social gatherings for group chatting and other casual entertainment have been a long-standing tradition in MENA. A common example is majlis, a gathering event of friends and neighbors to socialize, exchange gifts and play casual games. Majlis is deeply ingrained in the cultures of many countries in MENA and has remained popular for centuries. Since the founding of our business, we have been helping the local people in MENA to bring their traditions online and continue their social enjoyment in the mobile Internet era. Our products mirror what people enjoy doing in majlis, cafés and other offline leisure and entertainment settings and make social interactions more convenient. Leveraging our cultural insights, we identified voice chats to be uniquely suitable for online social networking and entertainment in MENA and pioneered the development of a voice-centric mobile social networking and entertainment platform in the region.
Today, we are the largest voice-centric social networking and entertainment platform in MENA as measured by revenue in 2019, according to the Frost & Sullivan Report. We have built a large and vibrant Yalla community. In the second quarter of 2020, approximately 12.5 million users visited our platform on average each month; they spent a total of 309.5 million hours in Yalla rooms and played a total of 407.2 million rounds of casual games on Yalla Ludo. The number of paying users on our platform was 5.4 million in the second quarter of 2020. On average, active users of Yalla and Yalla Ludo spent approximately 4.5 hours and 1.4 hours on our platform every day in the second quarter of 2020, respectively.
Offering Team
Deal Managers
- Morgan Stanley
Lawyers
- Simpson Thacher & Bartlett LLP
Auditors
Pre-IPO Investors
Investors
- Google Ventures
- Intel Ventures
- Patricoff Ventures
- Kleiner Perkins
Pre-IPO Holdings(%)
- 30
- 20
- 05
- 18
Deal Highlights
Deal Tracker
Investors
Filing
25 Sep, 2020Offer
30 Sep, 2020Look Ahead
Lock Up Expiry
30 Mar, 2021Earning
Nov 1, 2018IPO Terms
Offer Price | $7.50 |
Offer Size | 18M |