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Jiuzi Holdings Priced, Nasdaq: JZXN

Electric vehicle retailer in China.

Industry: Consumer Discretionary

Latest Trade: $3.22 0.00 (0.0%)

First Day Return: +272.4%

Return from IPO: -96.4%

Industry: Consumer Discretionary

We franchise and operate retail stores under brand name "Jiuzi", which sell new energy vehicles, or NEVs, in third-fourth tier cities in China. Almost all of the NEVs we sell are battery-operated electric vehicles. We also sell a few plug-in electric vehicles upon demand from vehicle buyers. As of the date of this prospectus, we have 18 operating franchise stores and one company-owned store in China. The business relationship between Jiuzi and its independent franchisees is supported by adhering to standards and policies and is of fundamental importance to the overall performance and protection of the "Jiuzi" brand. Primarily a franchisor, our franchising model enables an individual to be its own employer and maintain control over all employment-related matters, marketing and pricing decisions, while also benefiting from our Jiuzi brand, resources and operating system. In collaboration with franchisees, we are able to further develop and refine our operating standards, marketing concepts and product and pricing strategies. We source NEVs through more than twenty NEV manufacturers, including BYD, Geely, and Chery, as well as battery/component manufacturers such as Beijing Zhongdian Boyu, Shenzhen Jishuchongke and Youbang Electronics which focus on manufacturing charging piles, and Guoxuan Gaoke, and Futesi in battery production.
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IPO Data
IPO File Date 08/26/2020
Offer Price $5.00
Price Range $4.00 - $6.00
Offer Shares (mm) 5.2
Deal Size ($mm) $26
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/17/2021
Offer Price $5.00
Price Range $4.00 - $6.00
Offer Shares (mm) 5.2
Deal Size ($mm) $26
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Boustead Securities
Company Data
Headquarters Hangzhou, China
Founded 2017
Employees 18

Jiuzi Holdings (JZXN) Performance