Lei Jianping on February 18
Lianlian Digital Technology Co., Ltd. *** referred to as "Lianlian Digital") has recently been approved by the China Securities Regulatory Commission for IPO filing.
LianLian Digital intends to issue up to 205,942,000 overseas listed ordinary shares and list them on the Hong Kong Stock Exchange. The 22 shareholders of the Company intend to convert a total of 354,368,764 domestic unlisted shares into overseas listed shares and list them on the Hong Kong Stock Exchange.
With the approval of the IPO filing, it also means that Lianlian Digital has obtained the listing key.
9-month revenue of 7400 million
LianLian Digital is a digital payment solutions provider with global payment capabilities to serve customers around the world.
LianLian Digital provides digital payment services and value-added services to empower global** activities and improve the efficiency of capital and information flow. LianLian Digital's customers are mainly business customers, including small and medium-sized merchants and enterprises. Globally, the company helps merchant customers transfer the funds obtained from the sale of goods and services back to China, and realizes fast and reliable payment through the virtual accounts allocated to customers under accounts endorsed by global commercial banks.
In China, LianLian Digital mainly acts as a payment service provider, helping corporate customers simplify their collection process and reduce operating costs by providing a digital platform for corporate customers and integrating payment information of various ** and offline payment methods initiated by end buyers when purchasing goods. LianLian Digital's services ultimately facilitate the payment process.
According to the prospectus, Lianlian Digital's revenue in 2020, 2021, and 2022 will be 58.9 billion yuan, 64.4 billion, 74.3 billion; Adjusted losses were 20.3 billion yuan, 65.7 billion yuan, 82.2 billion yuan.
Lianlian Digital's revenue for the first nine months of 2023 was 73.7 billion yuan, compared with revenue of 5$3.2 billion; The net loss was 60.7 billion yuan, with a net loss of 6$4.9 billion; The adjusted loss was 4$2.3 billion, compared with an adjusted loss of $5 in the same period last year$8.1 billion.
As of September 30, 2023, the cash and cash equivalents held by LianLian Digital were 1$4.2 billion, and unused bank credit was 59.4 billion yuan.
Valuation 15 billion
The executive directors of Lianlian Digital are Zhang Zhengyu, Xin Jie, Xue Qiangjun, Zhu Xiaosong, and Wang Yu; The independent non-executive Directors are Chun Chang, Huang Zhijian and Ms. Lin Lanfen.
Lianlian Digital has successively received Series A, Series B, Series C and Series D financing, of which Series A financing is 300 million yuan, with a cost per share of 53 yuan, with a valuation of 4 billion yuan; Series B financing of 300 million yuan, cost per share of 936 yuan, with a valuation of 7 billion yuan;
Lianlian Digital Series C Financing 3500 million yuan, at a cost of 1341 yuan, with a valuation of 12 billion yuan; Series D Financing 10900 million yuan, with a cost per share of 1501 yuan, with a valuation of 15 billion yuan.
Sequoia Zhensheng and Taikang Insurance are shareholders
Before the IPO, Chuanglianzhi's new shareholding was 1697%, Zhang Zhengyu holds 1157%, Lu Zhonglin holds 91%, and Everbright Investment holds 788%, Boyu Jingtai holds 6%;
Sequoia Zhensheng holds a 526%, and Hangshi Sailian holds 448%, Xingzhu Investment holds 392%, Lulian Investment holds 374%, Sailian II and Saizhi Yunsheng hold 365%；
The shareholding of the first phase of Sailian is 321%, CICC Jiatai holds 294%, Taikang Insurance holds 258%, and PwC holds 243%, Qilu Investment holds 131%, Ms. Xiao Seqiu holds 127%；
Lianli Investment's shareholding is 118%, and Noheng Investment's shareholding is 109%, Yousong Investment holds 105%, Guohe Investment holds 097%, and Gimpo Investment holds 085
Lei Di was founded by ** Lei Jianping, if ** please in**.