Boqii Holding (BQ) IPO Opens Flat

Today's IPO for Boqii Holding Limited (NYSE: BQ) opened for trading at $10 after pricing its initial public offering of 7,000,000 American depositary shares ("ADSs"), at US$10.00 per ADS.

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1,050,000 additional ADSs.

Roth Capital Partners, CMB International Capital Limited and Valuable Capital Limited are acting as joint bookrunners of the offering.

Boqii Holding Limited (NYSE: BQ) is China's largest pet-focused platform in terms of revenue in 2019 and number of customers as of December 31, 2019, and maintains the largest pet-focused online community in China's pet market in terms of the number of registered users as of December 31, 2019 (according to Frost & Sullivan). At Boqii, we love pets. We are the leading online source for pet products and supplies in China with our broad selection of high-quality products including global leading brands, local emerging brands, and our own private label, Yoken and Mocare, offered at competitive prices. Our online sales platforms, including Boqii Mall, which can be accessed through our mobile app, website and Weixin/WeChat mini programs, as well as our flagship stores on third-party e-commerce platforms, provide customers with convenient access to a wide selection of high-quality pet products and an engaging and personalized shopping experience. Our Boqii Community provides an informative and interactive content platform for users to share their knowledge and love for pets

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