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ZKH Group Priced, NYSE: ZKH

Chinese B2B procurement platform for industrial supplies.

Industry: Technology

Latest Trade: $11.99 +0.20 (+1.7%)

First Day Return: 0.0%

Return from IPO: -23.9%

Industry: Technology

We are a leading MRO (maintenance, repair, and operations) procurement service platform in China. We provide one-stop MRO procurement and management services for our customers, and offer digital and fulfillment solutions for participants along the industry value chain. We spearhead digital transformation of the MRO industry for cost reduction and efficiency improvement. Our leadership is evidenced by our GMV, the number of enterprise customers, the number of SKUs, as well as our comprehensive fulfillment network. We achieved continuous growth in GMV from 2020 to 2022 at a CAGR of 37.3%. We served over 58,000 customers in 2022. In addition, our product offerings covered approximately 17.3 million SKUs and all major MRO product lines as of December 31, 2022. MRO procurement services are indispensable in addressing the essential needs in manufacturing enterprises’ daily operations, yet also challenging because MRO procurement is highly fragmented in supply and demand, involving a vast array of items typically in small volume with recurring purchases. Our market leadership is underpinned by our customer-centric approach, superior product capabilities, specialized fulfillment network, and robust technology infrastructure. We have developed a coveted and loyal customer base through our relentless focus on customer experience.
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IPO Data
IPO File Date 03/07/2023
Offer Price $15.50
Price Range $15.50 - $17.50
Offer Shares (mm) 4.0
Deal Size ($mm) $62
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/14/2023
Offer Price $15.50
Price Range $15.50 - $17.50
Offer Shares (mm) 4.0
Deal Size ($mm) $62
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Deutsche Bank
China Renaissance
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Company Data
Headquarters Shanghai, China
Founded 1998
Employees 3,553
Website www.zkh.com

ZKH Group (ZKH) Performance