Sina Technologies News October 24 morning news, according to "IPO Early Know" reported that the mother and baby community platform baby tree will be heard Thursday through the Hong Kong Stock Exchange, IPO is proposed to raise $800 million. In late May, the baby tree was invested by US $214 million in Alibaba and valued at 14 billion yuan. China Merchants Securities, Haitong international and Morgan Stanley are the joint sponsor of IPO.
On the evening of June 28, Baobaoshu went to Hong Kong to submit its prospectus, becoming the first mother and baby Unicorn company to prepare for listing in Hong Kong. According to the prospectus, Baby Tree's net profit loss for three consecutive years was recorded as a loss mainly due to changes in the fair value of preferred shares, based on accounting treatment under IFRS. Preferred stock will be converted into common stock when the company is listed, and net profit will turn into profit.
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