"Revenue in 2021 exceeded $7.6 billion, with net profit surpassing $1.3 billion."
This article is an original piece by IPO Early Insights
Author｜Stone Jin
According to IPO Early Intelligence, Weilong Delicious Global Holdings Limited (hereinafter referred to as 'Weilong') has recently resumed its IPO and disclosed the PHIP document on the evening of June 27, intending to list on the main board of the Hong Kong Stock Exchange. Morgan Stanley, CICC, and UBS Group are serving as joint sponsors.
IPO Early Intelligence learned thatWeilong's proposed fundraising size for this IPO is approximately $500 million—indeed, this figure is less than the $1 billion fundraising plan from the second half of 2021, but under the current market environment, $500 million can still be considered a relatively large fundraising scale.。
In 2001, Weilong’s first spicy gluten was created. As of the latest practicable date, Weilong has 45 types of seasoned flour products and has successfully expanded into vegetable products and bean products, launching multiple brands including the 'Wind Eater' and 'Kiss Burn' series.In 2021, the annual retail sales of two categories under Weilong (namely seasoned flour products and vegetable products) exceeded $1.5 billion, with four individual products (namely Big Gluten, Konjac Shuang, Kiss Burn, and Small Gluten) each surpassing $78 million in annual retail sales.。
Generally speaking, Weilong usually launches one to two new products into the market every year. As of the latest practicable date, Weilong has more than four products under development. Among them, Weilong plans to launch new vegetables in 2024...