Yunji Inc.

Yunji Inc. (YJ) priced its initial public offering on May 3, 2019 at $11.00 per share, raising $121M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $13.27B. CICC was lead-left underwriter. Skadden, Arps, Maples and Calder and Han Kun advised the company and Simpson Thacher and Zhong Lun advised the underwriters.

Yunji Inc. is a social e-commerce platform in China built on a membership model, where members gain access to a dedicated app with curated products and are encouraged to promote and share them with their social contacts. It handles centralized product sourcing and supply chain management.

Status

IPO

Ticker

YJ

Exchange

Nasdaq Global Market

Priced

May 3, 2019

IPO price

$11.00

Raised

$121M

Market cap at IPO price

$13.27B

First filed

Mar 21, 2019

Underwriters

CICC

Company counsel

Skadden, Arps, Maples and Calder and Han Kun

Underwriters' counsel

Simpson Thacher and Zhong Lun

Sector

Consumer

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.