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YanGuFang International Group Priced, Nasdaq: YGF

Chinese producer of oat and grain products.

Industry: Consumer Staples

Latest Trade: $0.00 -0.73 (-99.8%)

First Day Return: -2.8%

Return from IPO: -81.7%

Industry: Consumer Staples

YanGuFang Group is a holding company incorporated as an exempted company on May 28, 2020 under the laws of the Cayman Islands. As a holding company with no material operations of its own, it conducts substantially all of its operations through its subsidiary and the VIEs in China. We are primarily engaged in the production, research and development, and sales of oat and grain products through our direct salesforce and distribution network. We are driven by a creative and experienced management team, led by Junguo He, our Chairman and CEO, with a focus on the food industry and a fresh take on our mission, building from our deep understanding of and commitment to oat-based food science. We seek to build our market position both in the PRC and internationally. In the PRC market, our business operations cover a number of provinces and cities of China, which are Beijing, Shanghai, Jiangsu, Zhejiang, Fujian, Guangdong, Inner Mongolia, Anhui and Chongqing. We also seek to establish our presence internationally and currently sell our products through a distributor in Thailand. As part of our plan to expand our international footprint, we expect to commence sales of our products in the United States during the second half of 2022.
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IPO Data
IPO File Date 08/05/2022
Offer Price $4.00
Price Range $4.00 - $6.00
Offer Shares (mm) 2.0
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/27/2023
Offer Price $4.00
Price Range $4.00 - $6.00
Offer Shares (mm) 2.0
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
EF Hutton
Company Data
Headquarters Shanghai, China
Founded 2012
Employees 231
Website yangufang.com

YanGuFang International Group (YGF) Performance