AMTD completes the HK IPO of Babytree
On 27th November 2018, Babytree Group (“Babytree”, stock code: 1761.HK), China’s largest and most active maternity and child-focused unicorn, was successfully listed on the Mainboard of Hong Kong Stock Exchange (HKEX). Serving as a Joint Bookrunner and Joint Lead Manager, AMTD successfully completed the IPO of Babytree. This IPO deal was another landmark case of AMTD in assisting new economy companies to land on the international capital markets after completing the IPO deals under Weighted Voting Rights (WVR) structure of leading new economy companies such as Xiaomi and Meituan Dianping, making the 12th IPO issuance of AMTD in 2018.
Babytree Group (1761.HK), China’s largest and most active maternity and child-focused unicorn, was successfully listed on the HKSE with AMTD serving as a Joint Bookrunner and Joint Lead Manager
Founded in 2007, Babytree has been deeply cultivated in the maternity and child-, or M&C- focused community for 11 years, witnessing the development of the industry and its business model as a pioneer. The Company successfully established “China’s maternity and child- community’s first ever e-commerce brand”, which has become the most trusted brand in the industry, the largest and most active maternity and child-focused community online platform as well as the largest traffic entrance for young families, enabling Babytree to fully meet the four basic needs of young Chinese parents in learning, sharing, recording and shopping. In 2017, Babytree achieved an average of 139 million MAU, far exceeding the total MAUs of the 2nd and 3rd players in the industry. The strategic shareholders of Babytree Group include Fosun Group and Alibaba.
From left to right: Meng Xinghai, Managing Director and Head of Financial Institution Group of Capital Markets & Advisory of AMTD Group, Raymond Yung, Vice Chairman of Global Advisory Committee of AMTD Group, Chief Executive Officer of L.R. Capital Group, Allen Wang, Founder & CEO of Babytree Group and Emily Shi, Head of Capital Markets & Advisory of AMTD Group
Babytree offered 250 million shares with issue price at HKD6.80 per share and gross proceeds of around US$220 million before exercising over-allotment option. As a Joint Bookrunner and Joint Lead Manager, AMTD contributed a large number of orders from international institutional investors and long-only funds, laying a solid foundation for the success of Babytree’s IPO.
Xu Chong, CFO of Babytree Group (middle) took photo with Meng Xinghai, Managing Director and Head of Financial Institution Group of Capital Markets & Advisory of AMTD Group (left) and Emily Shi, Head of Capital Markets & Advisory of AMTD Group (right)
AMTD has always attached great importance to technological innovation and its transformative power. The Group is committed to undertaking the “super-connector” role between the leading FinTech companies as well as internet companies and Asian capital markets. Since 2016, AMTD has acted as joint underwriter to help various new economy companies successfully complete their IPO in Hong Kong and the US, including Xiaomi, the unique and comprehensive company that covers e-commerce, hardware and internet and the first WVR stock in Hong Kong capital markets; Meituan Dianping, China’s largest life service e-commerce platform and the second WVR stock in Hong Kong capital markets; Meitu, the pioneer of technology IPO in Hong Kong’s capital market in a decade; Tongcheng-Elong, a leading company in China’s online travel industry; X Financial, China’s leading FinTech company; TuanChe, China’s leading omni-channel automotive marketplace; Weidai, China’s largest auto-backed FinTech platform and 7Road, China’s leading web game developer.
