The leader in red once again stood on the IPO bell ringing stage. Investment circles-Daily IPO news, today (December 12), Huafang Group officially rang the bell for its IPO on the Hong Kong Stock Exchange. The company’s offering price was HK$2.8, and the black market subscription seemed to be better than expected before. It closed up in late trading, with a total market value of HK$3.25 billion. So far, Zhou Hongyi has owned 4 listed companies, the first three are: Qihoo 360, 360 Finance, and Master Lu. Over the years, Zhou Hongyi has been active in the venture capital circle in a low-key manner. In the early years, he participated in a series of projects as an angel investor, and also worked as LP of many well-known institutions, established private equity companies and so on. At the same time, Nezha Auto, invested by 360, also intends to list on the Hong Kong stock market.
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The Huafang Group in this IPO is actually the original Liujianfang and Huajiao Live, and its main business is live broadcast. Although the surging tide of the live broadcast industry in the past few years seems to have died down in recent years, the development momentum of Yingke, Douyu and Huya has not been as good as usual, and the live broadcast market has also been crowded by short video platforms, but Kanhuafang Group’s Revenue, generally speaking, is pretty good.
Although the IPO at this time may not be a particularly good time in this year’s capital market environment, but for investors like Zhou Hongyi and other investors, going public is good news.
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