Food E-commerce Company Missfresh Ahead of US IPO
Missfresh has filed its prospectus in the United States and plans to be listed on NASDAQ with the stock code "MF". Through the IPO, it is believed to be looking to raise USD 100M. Missfresh was founded in 2014 and is an eCommerce platform that provides fresh food. By March 31, 2021, Missfresh has established 631 warehouses in 16 cities in China, with a total customer base of over 31 million. Missfresh is also all about community buying, and it aims to become the largest community retail digital platform. Gross profit rate 19.4% in 2020, with daily net sales of CNY 6.13B in 2020.
This briefing is contributed by and first appeared on CIMK.
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On the evening of April 7, according to Bloomberg, the fresh food distribution platform backed by Tencent was discussing with consulting agencies about preparing to go public. The IPO may be carried out as early as this year. Although the negotiation is still at the immature stage, the planned financing amount is at least USD 500 million – but might stretch higher, to USD 1 billion.
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