GTJAI assists ATRenew debut on New York Stock Exchange

KUALA LUMPUR, June 21 -- Guotai Junan International Holdings Limited (Guotai Junan International or GTJAI) recently successfully assisted ATRenew, the largest pre-owned consumer electronics transactions and services platform in China, to list on The New York Stock Exchange (NYSE).

Endorsed as the ‘first ESG-related China concept stock’, ATRenew has swept along investors, oversubscribed by more than 10 times with GTJAI participated as one of the major underwriters, according to a statement.

ATRenew is both GTJAI’s 10th completed equity market deal this year and its first listed private equity investment.

Last year, Guotai Junan International’s Private Equity Investment team participated in ATRenew’s series-E funding as a guidance on sustainable financial development, successfully fostering its steady growth and diversified development and driving it towards the goal of the NYSE.

During the groundwork for the listing, GTJAI further provided ATRenew with capital market services to back its debut on the global market.

Through the full coverage from pre-IPO to successful listings of ATRenew, GTJAI demonstrated its strength in integrated financial services and all-round business synergy again, not only offering corporate clients thorough value extension and comprehensive service coverage but also bringing in excellent issuers to the capital market.

ATRenew integrates the entire value chain of pre-owned electronics from customers to retailers to enterprises, playing a critical role in China’s green industry, which also matches GTJAI’s strategies and policies of sustainable finance.

More details at http://www.gtjai.com.

-- BERNAMA