Yaduo Hotel submits IPO application

Consumer Staples, Consumer Discretionary Jun 08, 2021 07:18 PM (GMT+8) · EqualOcean

According to the documents disclosed by the securities and Exchange Commission of the United States, Chinese hotel chain brand Yaduo submitted an IPO application for US stocks, with CICC, Bank of America, CMB international and Citigroup as co sponsors. The revenue in 2019 will be 1.567 billion yuan, and that in 2020 will be 1.566 billion yuan, with profits of 60.81 million yuan and 37.82 million yuan respectively.

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