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Soul publishes strong growth figures ahead of IPO

Social networking platform Soul has now filed a prospectus with the SEC to apply for a listing on NASDAQ. According to the prospectus, the company's 2020 revenue was CNY 498M (+604.3% YoY). In Q1 2021, the revenue was CNY 238M (260% YoY). In the first quarter of this year, the monthly average paid users reached 1.54 million. Here the average monthly payment rate was 4.8%, with an average monthly payment of 48.6 yuan. Soul is a social network that uses AI to help users find their soul mates.


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