Customers Eager To List And Restart Listing In The US

All customers restart the listing plan in the US.

On October 31st, at the ChinaVenture middle age meeting held in Beijing, Gan Jianping, a partner in Qiming venture capital, said that the investment business enterprise Vic had done well.

Ready to go public is choosing the right time to submit the prospectus.

This means that due to "excessive expansion" and other issues, the customer who shelved the listing has resumed the plan.

For Gan Jianping's position, the official statement of van sincere, said that for the outside world and the listing of things, there is no news that anyone can release.

However, the official said that after nearly a year's efforts, the business situation of all customers has improved.

"In the past, our development model was too extensive. At present, we have improved very well. The goal of the company is to make profits in the fourth quarter of this year."

However, another electric business executive said that at present, given the uncertainty of the US capital market and the margin of expansion and profitability, it will take some time for anyone to list in the US capital market.

Back to the right track?

In the end of 2011, the company launched its listing plan in the US.

At that time, market sources said that B2C enterprises were submitted to the public for approval in November 5, 2011, and can be approved and listed next month.

However, it is precisely because of the exposure of the listing news that all the problems of fan Ke Cheng are revealed.

At that time, people close to the top of the store told reporters that according to the estimated sales situation, the final operating income of all customers in 2011 was about 3 billion 500 million yuan, which is CEO

There is a far cry from the desired goal.

In 2010, sales increased from more than 400 million in 2009 to more than 1 billion 800 million yuan.

This led to an overly optimistic judgement of the situation in 2011. He believed that with the growth rate of van customers, the sales target of 10 billion yuan could be impacted in 2011.

At the same time, the high revenue and acquisition expectations have caused great problems in the supply chain links such as procurement.

Market data at the end of the three quarter of 2011 showed that at that time

Up to 1 billion 450 million yuan, close to 40% of the sales data of the year.

Under the influence of many problems, the customer listing plan has to be stranded.

Facing the age of customer problem, we began to change the extensive business growth mode of customers from the product line, meticulous management and supply chain optimization.

Since July 2011, fan Ke Cheng has made a series of adjustments to itself. Until the adjustment in June this year, it was finally determined that SKU was cut by half compared with last year.

Up to now, there are 12 business units, 6 large business units, 6 small business units and 12 business units in charge of 19 production lines.

The aim of a series of adjustments is to realize the scale development of profitability.

The former customer related responsible person said that before, the scale of all customers was very large, but not profitable.

After a series of adjustments, customers hope to make profits in the fourth quarter of this year and make profitability sustainable.

For the restart of the listing of the United States, the official is not willing to comment too much.

However, Chen said earlier this year that he hoped that everything could be back to normal before the end of the year, which might include a return to the US market.

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Yearning for listing

Gan Jianping, the founder of Qiming venture partners, reflects the return of all customers to the right track, and also reflects the desire of investors to cash in early.

Up to now, van customer has completed the six round of financing.

Among them, the sixth round of financing completed in 2011 amounted to US $230 million.

Prior to that, van customer has completed a total of 200 million US dollars in the five round of financing.

And Qiming venture investment is to invest in all customers with IDG, Softbank, Sai Fu and other institutions in the third round of financing in August 2008. So far, it has been in the past 4 years.

The IDG and LIAN source, the first to invest in fans, have invested in customers for more than 5 years.

Another electric business executives said that from the investment and exit years of investment banks, customers have already reached the time to be listed.

If it is not listed, a new round of financing is not realistic for a business enterprise that has completed 6 rounds of financing with a scale of more than 400 million US dollars.

However, there are still many unfavorable factors to be listed in the market.

Gan Jianping said that all customers had been ready to go public, and the internal conditions have been completed. The main resistance of the listed companies is the external environment.

Gan Jianping believes that since the last one or two years, China's stock market in the US stock market is in a very bad position, including the public, New Oriental and other enterprises have been accused of fraud. The situation in the whole stock market is not clear, so customers will not rush to market.

In addition, the industry still holds a wait-and-see attitude towards whether customers can quickly achieve profitability and maintain profitability.

Aforementioned executives of electric business enterprises said that the past year seems to have made many changes, but fierce competition in the market is still at the stage of expansion.