BRIEF: Yimutian approved by China for Nasdaq IPO

China has approved an application to list on the Nasdaq by Yimutian Inc., according to a notice posted Monday on the securities regulator’s website. According to the notice, Yimutian has successfully registered its application to sell 196 million ordinary shares in the IPO. It must complete the listing within 12 months, or it will need to apply again.

Yimutian is one of China’s leading online platforms for trading in agricultural products, according to its website. It was founded in 2011 as a B2B marketplace, and gradually expanded its scope to include wholesale trading. It says its platforms currently host trading in more than 15,000 categories of agricultural products by more than 56 million business users.

By Doug Young

To subscribe to Bamboo Works weekly free newsletter, click here

, ,
, ,

Related Articles

RELATED ARTICLES

No related posts.

Discover hidden China stock gems in our weekly newsletter

Follow us

Facebook Twitter Linkedin Weixin Weibo Youtube

Subscribe to Our Free eNewsletter

Subscribe

Check out our content with some of our syndication partners

factiva

Recent Articles

Teway makes seasonings

Sichuan Teway spices up Hong Kong’s hot IPO market

The maker of ready-to-cook and hotpot pre-mixed seasonings has filed to list in Hong Kong, positioning itself as a consolidator in China’s huge seasonings market Key Takeaways: Sichuan Teway has…
603317.SHG
Andre Juice sells juice concentrate

Andre Juice’s growth stalls after bumper period

China’s leading maker of apple juice concentrate reported its revenue contracted in the third quarter, ending a period of strong gains in the previous year and a half Key Takeaways:…
2218.HK 605198.SHG
Fuyao Glass logs double digit growth

Fuyao Glass looks to new era as its founder bows out

The son of celebrated entrepreneur Cao Dewang has formally taken the helm at the automotive glass giant, just as the firm unveiled upbeat quarterly earnings Key Takeaway: The company logged…
3606.HK 600660.SHG