IPOs
By The Online Investor Staff, updated Sun., Jun. 20, 3:53 AM
| This Slide: #1 of 15 |
Slide #1. AiHuiShou International Co. Ltd. — Initial Public Offering
Company:
AiHuiShou International Co. Ltd.
Proposed Symbol:
RERE
Shares Offered:
16,233,000
Price Per Share:
$14.00
Over-Allotment:
2,434,950
Description:
AiHuiShou International Co. Ltd. ("ATRenew" or the "Company"), a leading technology-driven pre-owned consumer electronics transactions and services platform in China, today announced the pricing of its initial public offering of 16,233,000 American Depositary Shares ("ADSs"), every three ADSs representing two Class A ordinary shares of the Company, at a price to the public of US$14.00 per ADS, for a total offering size of approximately US$227 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs are expected to begin trading on the New York Stock Exchange on June 18, 2021, under the symbol "RERE." The closing of the offering is expected to occur on or about June 22, 2021, subject to the satisfaction of customary closing conditions. The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 2,434,950 additional ADSs at US$14.00 per ADS.
