On October 24th, it was reported that the baby tree of the maternal and child community platform supported by Alibaba will be heard by the Hong Kong Stock Exchange on Thursday.
According to the “IPO knows” report, the baby tree of the maternal and child community platform will be heard through the Hong Kong Stock Exchange on Thursday, and the IPO plans to raise US$800 million. Since the baby tree went to Hong Kong on June 28 to submit a prospectus, its valuation can break through 10 billion to become a new unicorn has long been the focus.
According to the prospectus, the baby tree has a net profit loss for three consecutive years. Revenues in 2015, 2016 and 2017 were 200 million yuan, 510 million yuan and 730 million yuan respectively; annual losses were 286 million yuan, 935 million yuan and 911 million yuan; in 2015, the annual loss was 172 million yuan, 2016 The profit was 0.44 billion yuan, and the profit in 2017 was 139 million yuan. The gross profit margin was 54.6%, 53.1% and 63.2% respectively.
In this regard, the company stated that it was mainly due to the impact of changes in the fair value of preferred stocks and was accounted for as a loss based on accounting treatment under IFRS. Preferred stocks will be converted into ordinary shares when the company is listed, and the net profit will turn into a profit.