IBI to Publish IPO Lottery Results on July 22

On July 19, IBI (603613) announced the online subscription statistics for its IPO. There were 12,699,736 valid online accounts, subscribing for 97,325,197,000 shares, yielding an initial online winning rate of 0.01446696%. The allocation numbers total 97,325,197, ranging 100,000,000,000 – 100,097,325,196.

IBI plans to issue 35.21 million shares at RMB 15.13 per share. After clawback, the offline allotment is 3.521 million shares (10.00%) and the online allotment is 31.689 million shares (90.00%). The final online winning rate is 0.03255991%. The draw was held on July 19, with lottery results to be released on July 22.

IBI is a leading B2B e-commerce and industrial internet company, integrating the internet and IoT with traditional industries to improve efficiency and reduce costs. It operates the IBI Resource Network (B2B information services) and vertical e-commerce platforms Toodudu (TDD), Wdoodoo (WDD), and Boododo (BDD) for the coatings & chemicals, hygiene products, and glass value chains, plus “Internet+” solution providers IBI All-Net, Shupin Tianxia, and Xiaozi Niao. From 2015–2018, revenue and net profit posted CAGRs of 162.64% and 107.95%, respectively.

The Resource Network has grown over a decade into an influential B2B information platform, while TDD, WDD, and BDD have scaled rapidly into leading vertical marketplaces. In Oct 2018, IBI was named a National Pilot for Supply-Chain Innovation & Application by eight ministries; in Dec 2018, Duoduo E-commerce was recognized as an “Excellent Industrial E-commerce Platform” under MIIT guidance.

According to its prospectus, IBI aims to leverage IPO proceeds and retained earnings during the crucial listing year and subsequent two years to strengthen capabilities and further enhance competitiveness and market share in its core businesses.