On August 28th, Zhongchi Chefu, a leading digital cloud platform for the automotive industry supply chain in China, announced its initial public offering pricing.
It is reported that the company will issue 2.5 million shares of Class A common stock at a public offering price of $4 per share, with a total fundraising amount of approximately $10 million before deducting underwriting discounts, commissions, and issuance expenses. At present, the company has been approved to be listed and traded on the NASDAQ Global Market, and is expected to begin trading on August 28, 2024 Eastern Time.
Public information shows that Zhongchi Chefu was established in 2010 and is one of the earliest digital service providers in China's automotive industry supply chain. The company was founded by Zhang Houqi, former Vice President of Lenovo Group, and has been committed to building a leading digital cloud platform for the automotive industry supply chain since its inception. Through digital transactions, it connects and empowers industry supply chain entities, promotes the integration and digital upgrading of the automotive industry supply chain, and aims to become a global leader in the digitalization of the automotive industry supply chain. (Zhu Xianni)