CICC Assists Inke in Listing on Hong Kong Main Board
Inke Limited (“Inke” or “Company”, Stock Code: 3700.HK ) successfully completed its listing on Hong Kong Stock Exchange Main Board on July 12th, 2018, becoming the first listed company in China’s mobile live streaming industry. Inke spent only 40 months from its inception to the successful IPO, making the fastest Chinese Internet company going public in the history.
Inke is a leading mobile live streaming platform in China. It is especially popular among young, active customers with strong spending power. Since inception, Inke’s mission is to make it easier to pursue happiness, and its vision is to transform entertainment through video streaming, implementing its aspiration of “all to stream, stream to all”. Inke is a pioneer in the industry, capitalizing on market opportunities through continuous product innovation. Its core product, the Inke App, officially launched in May 2015, had attracted over 194.5 million registered users as of December 31, 2017 and had over 25 million average MAUs in the first quarter of 2018. According to Frost & Sullivan, Inke was the second largest mobile live streaming platform in China in terms of revenue in 2017, and also the largest mobile live streaming platform in China in terms of average monthly active streamers in 2017.
The deal has proved CICC’s excellent performance capability for high-quality new economy enterprises. With the alliance of domestic and overseas platforms, CICC adequately played the role of leading sponsor, introduced significant demand to the offering, provided comprehensive investment banking services for Inke, and assisted the Company in the completion of listing on Hong Kong Exchange Main Board. CICC closely monitored market dynamics and regulatory provisions and safeguarded the client’s core interests, addressing the Company’s capital demand and supporting its business development with professional capital operation advice and high-quality investment banking services, which fully embodied the value of a top-tier investment bank.
CICC has always been adhering to its core value of “Chinese Roots and International Reach” and providing high-quality, value-added financial services to clients. On the basis of its unparalleled capital market experience and close interaction of domestic and overseas business, CICC will continuously devote itself to the capitalization development of Chinese emerging new economy.