Transaction Overview
JS Global Lifestyle Company Limited. (Stock code: 1691.HK) successfully listed on the Hong Kong Stock Exchange on December 18, 2019. CMBI acted as Joint Bookrunner and Joint Lead Manager for this IPO.
JS Global Lifestyle is a global leader in high-quality, innovative small household appliances. JS Global Lifestyle’s success is centered around our deep understanding of consumer needs, and is built on our strong product innovation and design capability powered by a global research and development platform, marketing strengths driving high brand engagement, and an omni-channel distribution coverage with high penetration. JS Global Lifestyle continuously develops new products and expand into new categories. Through diverse product portfolio, JS Global Lifestyle cultivates markets, creates consumer demand, leads categories by building up market anticipation around product launches, and reshapes consumer behaviors and lifestyles around the world. With trusted market-leading brands, Joyoung, Shark and Ninja, JS Global Lifestyle continue to maintain leadership in the global small household appliance market, and focus on expanding globally in new markets.
JS Global Lifestyle issued 499,830,000 shares (assuming the Over-allotment Option is not exercised). The offering price was set at HK$ 5.20, and the offering amount was approximately HK$ 2,599 million (assuming the Over-allotment Option is not exercised).
Acting as the Joint Bookrunner and Joint Lead Manager, in the volatile market environment, leveraging the coverage advantages of Chinese investors and high-net-worth clients, CMBI has made positive contributions in investor introduction and marketing, providing strong support for the successful listing of JS Global Lifestyle.
Source: Company Announcement
About JS Global Lifestyle
JS Global Lifestyle is a global leader in high-quality, innovative small household appliances. JS Global Lifestyle’s success is centered around our deep understanding of consumer needs, and is built on our strong product innovation and design capability powered by a global research and development platform, marketing strengths driving high brand engagement, and an omni-channel distribution coverage with high penetration. JS Global Lifestyle continuously develops new products and expand into new categories. Through diverse product portfolio, JS Global Lifestyle cultivates markets, creates consumer demand, leads categories by building up market anticipation around product launches, and reshapes consumer behaviors and lifestyles around the world. With trusted market-leading brands, Joyoung, Shark and Ninja, JS Global Lifestyle continue to maintain leadership in the global small household appliance market.
According to the Frost & Sullivan Report, JS Global Lifestyle ranked 6th globally, and 3rd among the small household appliance-focused companies, each by market share in 2018, and hold leading market position in China and the United States, the two largest small household appliance markets.
JS Global Lifestyle is committed to serving local needs in cleaning and kitchen across the globe with multi-brand and comprehensive product portfolio. In main product categories, JS Global Lifestyle has generated and maintained an industry-leading market share.
Through global research and development platform, JS Global Lifestyle has introduced transformational innovative design-driven products to the markets, ranging from revolutionary products that are original or market-first, to evolutionary products that are market-disruptive, to upgraded products with enhanced design and functionality.
Source: Prospectus
