Yixin Group HKSE IPO

Overview:

• Yixin Group has undertaken an IPO on the HKSE raising $867 million.
• The IPO was over-subscribed and the proceeds are intended to be used to implement sales and marketing initiatives to support the geographical expansion of its auto dealer cooperative network and enhance its research and technology capabilities.
• Its controlling shareholder is NYSE-listed Bitauto Holdings and its other significant shareholders include Tencent and JD.com.
• Yixin is the largest online automotive retails platform in China. 

Katrin Kostadinova - Data analyst