Boqii Holding Limited, the largest pet-focused platform in China, has filed Amendment No 1 to Form F-1 Registration Statement on September 22, 2020 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $77 million by offering 7 million shares at the price range of $10 to $12. Assuming a successful IPO at the midpoint of the proposed range, the company expects a market capitalization of $998 million.
The company launched online retail to help pet parents get reliable information and things that they are looking for such as pet foods, toys, vitamins, and shampoos. Besides, they also built close relationships with over 410 brand partners and a large base of physical pet stores and pet hospitals.
The Shanghai, China-based company was founded in 2008 and booked $121 million in revenue for the 12 months ended June 30, 2020. It plans to list on the NYSE under the symbol “BQ.” Roth Capital, CMB International Capital and Valuable Capital are the underwriters of the IPO.
The company engages Davis Polk & Wardwell LLP as US Securities Counsel, and PricewaterhouseCoopers Zhong Tian LLP as Independent Auditor.
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