Home Tech Tiger Securities acted as the underwriter to assist New Life (Love Recycling)...

Tiger Securities acted as the underwriter to assist New Life (Love Recycling) to go public on the first day of listing in the United States with the highest increase of 32.07%

0

The U.S. stock IPO market has recently shown a full recovery trend: China’s concept stock education, BOSS directly hired and opened higher on the day of listing, Didi Chuxing, Daily Youxian, and Dingdong Maicai also submitted prospectuses to the U.S. Securities and Exchange Commission one after another.

On June 18, Eastern Time, Wanwushengsheng Group, which owns brands such as Aihuihui, was listed on the New York Stock Exchange and became the “first ESG stock in China’s concept stocks”, with a rise of 32.07% on the first day of trading. Tiger Securities, as the Internet underwriter of Wanwu Xinsheng Group, competed with internationally renowned big banks such as Goldman Sachs, Bank of America Securities, China Renaissance Capital, Guotai Junan (International), CITIC Securities, etc., and it was listed on the cover of Wanwu Xinsheng’s prospectus, showing the tiger The influence of securities as a leading Internet technology investment bank. Not only that, as a close adviser for the entire listing process of Wanwu Xinsheng Group, Tiger Securities also provides DSP services (family and friends stock services) and ESOP (employee equity incentive plan) services for Wanwu Xinsheng Group.

According to the prospectus, Wanwu Xinsheng Group is China’s largest trading and service platform for second-hand consumer electronics products. The Wanwu Xinsheng team was established in 2009, and now it owns the brand “Love Recycling” for the recycling business of individual users, the B2B trading platform “Paijitang”, the B2C retail platform “Paipai” and the overseas business “AHS Device”. According to the CIC report, in the second-hand 3C vertical category, the number of trading units and GMV of Wanwu Xinsheng Group ranked first in the market in 2020, and was higher than the sum of the second to fifth places.

Tiger Securities acted as the underwriter for the listing of Wanwu Xinsheng Group in the United States this time, relying on its own Chinese region’s largest U.S. and Hong Kong stock community and a huge customer base to build a bridge between issuers and individual investors. On the institutional side, Tiger Investment Bank comprehensively covers over 500 top institutions in the United States, Canada, and Asia Pacific, as well as a group of private equity funds focusing on Chinese concept stocks, and can arrange roadshows for issuers. It is reported that the total retail and institutional orders from Tiger Securities this time reached 480 million U.S. dollars, and the number of retail order subscriptions reached 38,000. The strong synergy between Tiger Securities brokerage and investment banking business is further highlighted.

In addition, Tiger Securities this time also served as the service provider of DSP (Family and Friends Share Service) and ESOP (Employee Equity Incentive Plan) of New Life Group. In terms of DSP, Tiger deploys an exclusive high-quality service team based on the needs of the issuer, formulates DSP guidelines, provides full tracking and coaching to employees and their relatives and affiliated customers designated by the issuer, and develops a “1-hour response mechanism” to ensure efficient information collection And timely feedback to meet customer needs in time. In terms of ESOP, based on the integrated platform of Tiger Securities brokerage and ESOP, the issuer only needs to choose a single Tiger Securities institution to provide comprehensive services, and it can also be connected to the existing ERP management system according to customer needs to improve efficiency while improving efficiency. Significantly save management costs.

“Tiger Securities is committed to becoming a close partner of the entire listing cycle of new economy companies,” said the head of Tiger Securities’ investment banking business. “Most new economy companies are still very young and are listed overseas for the first time. The pits and pain points are not familiar. Tiger Securities is on the same track as the new economy enterprise, and it has the experience of listed companies. It can provide detailed and professional services and suggestions for the company during the whole process of listing. In addition, ESOP (Employee Equity Incentive Plan) and The enterprise account service can also solve various problems faced by issuers before and after the listing process, such as communication with employees during the trading window, and investor relationship management.”

Relying on the excellent reputation accumulated on the investment bank side, Tiger Securities has led the underwriting of US stocks for two consecutive years. Data show that Tiger Securities is the investment bank that underwrites the most Chinese concept stocks to list in the United States in 2019 and 2020. Among them, in 2020, it will underwrite 14 Chinese concept stocks to go public in the United States, and has been the only Internet technology investment bank in the underwriting syndicate or with the largest allocation share several times. Entering 2021, Tiger, as the lead bank of Kook Music’s listing in the United States, led the advancement of the IPO project, and then acted as an underwriter to help star companies such as Zhihu and Monster Charging to list on the US stock market. At the same time, the internationalization of Tiger Securities’ investment banking business continued to increase, underwriting three Hong Kong stock IPOs including Bilibili and Autohome in the first half of the year.

“Recently, the U.S. stock IPO market has picked up, and many new economy companies have put listings on the agenda again. Going public is one of the most important milestones in the development of companies. Said it is very important, so it is necessary to choose an investment bank with rich project experience to ensure that the company can go public smoothly.” A person in the investment industry said

NO COMMENTS