Renaissance Capital logo

Wing Yip Food Holdings Group Priced, Nasdaq: WYHG

Processes and sells meat products in China.

Industry: Consumer Staples

Latest Trade: $4.55 0.00 (0.0%)

First Day Return: +6.0%

Return from IPO: +13.8%

Industry: Consumer Staples

Through the operating subsidiaries in mainland China, we are one of the notable meat product processing companies in mainland China. According to the industry report produced by Frost & Sullivan (Beijing) Inc., Shanghai Branch Co. (“Frost & Sullivan”), whom we commissioned in October 2023, in fiscal year 2022, based on retail sales of cured meat products in mainland China, we ranked second with a market share of 9.2%. As of the date of this prospectus, our products are primarily marketed and sold across 18 provinces in mainland China through 7 self-operated stores, 72 distributors, including major retail outlets and supermarkets and 7 e-commerce platforms, including one platform owned by us. The operating subsidiaries are primarily engaged in the processing, sales and distribution of i) cured meat products, including cured pork sausages, cured pork meat and other cured meat products, such as cured chicken, cured duck and cured fish; ii) snack products, including ready-to-eat sausages, jerky, duck necks, duck feet and claypot rice; and iii) frozen meat products, including frozen sausages, frozen beef patties and frozen chicken breast fillets.
more less
IPO Data
IPO File Date 03/06/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 2.1
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/25/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 2.1
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Dawson James
D. Boral Capital
Company Data
Headquarters Zhongshan, China
Founded 1915
Employees at IPO 491
Website wingyip-food.com

Wing Yip Food Holdings Group (WYHG) Performance