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.
Goldman Sachs (Asia) L.L.C., BofA Securities, Inc., and China Renaissance Securities (Hong Kong) Limited are acting as the joint bookrunners of the offering. Guotai Junan Securities (Hong Kong) Limited, CLSA Limited, Tiger Brokers (NZ) Limited, CMB International Capital Limited, and Futu Inc. are acting as co-managers for the offering.
The Company’s registration statements relating to the offering have has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus forming part of the effective registration statements. A copy of the final prospectus relating to the offering, when available, may be obtained from the following underwriters:
Goldman Sachs & Co L.L.C.
Attention: Prospectus Department
200 West Street
New York, NY 10282-2198
Phone: +1 (866) 471-2526
Email: prospectus-ny@ny.email.gs.com
BofA Securities, Inc.
Attention: Prospectus Department
NC1-004-03-43
200 North College Street, 3rd Floor
Charlotte, NC 28255-0001
United States of America
Phone: +1 (800) 294-1322
Email: dg.prospectus_requests@bofa.com
China Renaissance Securities (Hong Kong) Limited
Attention: Prospectus Department
Units 8107-08, Level 81, International Commerce Centre
1 Austin Road West, Kowloon, Hong Kong
Phone: +852 2287 1686
Email: Guyu@chinarenaissance.com / dl-CRSyndicate@chinarenaissance.com