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Hypebeast Plans To List On NASDAQ through Merger With Iron Spark I Inc.; The Merger Is Expected To Result In A Pro Forma Equity Valuation Of $534M

Hypebeast Plans To List On NASDAQ through Merger With Iron Spark I Inc.; The Merger Is Expected To Result In A Pro Forma Equity Valuation Of $534M

Hypebeast计划通过与铁星火I Inc.合并在纳斯达克上市；合并预计将导致5.34亿美元的形式股权估值
Benzinga Real-time News ·  2022/04/04 06:06
  • Founded in 2005, Hypebeast is a thriving digital media and e-commerce company focused on culture and lifestyle with over 26 million followers worldwide.
  • Its global community of creators and consumers spanning 80+ countries enables leading brands to connect and engage with Gen-Z and millennial audiences.
  • High margin, consistently profitable business to generate not less than US$112 million in revenue in fiscal year ended March 31, 2022; achieved a CAGR of 34% from 2015 to 2021.
  • Merger with Iron Spark is expected to provide up to US$180 million in total gross proceeds and is expected to result in a pro forma equity valuation of US$534 million.
  • Hypebeast intends to use transaction proceeds to make investments across technology, talent, brand experiences, and marketing in support of continued growth as an omnichannel media and e-commerce business.
  • Hypebeast is expected to be dual-listed on NASDAQ under the ticker symbol $HYPE, and its existing listing on the Hong Kong Stock Exchange under the stock code 00150.HK, following an anticipated transaction close in the third quarter of 2022.
  • Former President of NIKE, Trevor Edwards, is expected to be nominated as a director of Hypebeast.
  • Hypebeast成立于2005年，是一家蓬勃发展的数字媒体和电子商务公司，专注于文化和生活方式，在全球拥有超过2600万粉丝。
  • 其遍布80多个国家的创作者和消费者的全球社区使领先品牌能够与Z世代和千禧一代的受众建立联系并进行互动。
  • 高利润率、持续盈利的业务在截至2022年3月31日的财年创造不低于1.12亿美元的收入；从2015年到2021年实现了34%的复合年增长率。
  • 与Iron Spark的合并预计将提供高达1.8亿美元的总收益，预计将产生5.34亿美元的形式股权估值。
  • Hypebeast打算利用交易收益在技术、人才、品牌体验和营销方面进行投资，以支持作为一家全方位媒体和电子商务业务的持续增长。
  • 预计Hypebeast将在纳斯达克两地上市，股票代码为$HYPE，其目前在香港证券交易所的上市代码为00150.HK，交易预计将于2022年第三季度完成。
  • 耐克前总裁特雷弗·爱德华兹有望被提名为Hypebeast的董事品牌。
声明：本内容仅用作提供资讯及教育之目的，不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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