Futu News on June 19, China's largest second-hand consumer electronics trading and service platform$AiHuiShou International Co.Ltd. (RERE.US) $Officially launched on the New York Stock Exchange today, it is up 30.79% to $18.31.
AiHuiShou International plans to issue 16.233 million American depositary shares (ADS) in the IPO at a price range of $13 to $15 per ADS, according to the prospectus. On the eve of its listing, AiHuiShou International priced its IPO at $14 a share.
AiHuiShou International is a circular economy enterprise with the type of "Internet + environmental protection". It includes four major business lines: AiHuiShou International, Paicaitang, Paipai and AHS Device, across the supply and demand of the industrial chain, and the services cover the whole process from recycling, testing, grading, pricing to resale.
In the field of second-hand 3C transactions and services, AiHuiShou International Group ranked first in the Chinese market in 2020 in terms of the number of transactions and GMV (both payment transaction data), and higher than the second to fifth places in the industry combined, according to the Zhenshi Consulting report. As of March 31st, AiHuiShou International Group has opened 755 stores and more than 1500 self-service stations in 172 cities in China.
In terms of financial position, as of March 31, 2021, the company's overall revenue in the past 12 months was 5.68 billion yuan, an increase of 49.4% over the same period last year. The overall revenue in 2020 was 4.858 billion yuan, of which the core business revenue was 4.709 billion yuan, an increase of 38.2% over the same period in 2019.
In terms of shareholder lineup, AiHuiShou International Group has received multiple rounds of investment from Wuyuan Capital, IFC, the investment arm of the World Bank, JD.com Group, Tiantu Capital, Kaihui Fund, Capital, fresh Capital, Guotai Junan International and other investment institutions. Among them, JD.com Group holds 34.7%, and Wuyuan Capital holds 14% of Internet Fund IV Pte. Ltd. The shareholding is 7.3%, while Tiantu Capital holds 8.5%.
