Deacons advises Yoho Group Holdings Limited on its Main Board IPO
Deacons advises Yoho Group Holdings Limited in relation to its Main Board IPO, seeking to raise up to HK$143 million (subject to the exercise of over-allotment option).
Yoho Group is one of the leading market players in the business-to-consumer (B2C) e-commerce industry in Hong Kong under the brand name of “友和YOHO”. It ranked first as an e-commerce platform with a primary focus on consumer electronics and home appliances in Hong Kong in terms of website traffic, and recorded the highest online retail sales of consumer electronics and home appliances among all Hong Kong e-commerce platforms for the year ended 31 March 2021, according to a market research report commissioned by the company.
Yoho Group launched its IPO on 26 May 2022. Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 10 June 2022.