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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計劃通過與鐵星火I Inc.合併在納斯達克上市;合併預計將導致5.34億美元的形式股權估值
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 $HYPE, and its existing listing on the Hong Kong Stock Exchange under the stock code 00150.HK, following an anticipated transaction close in the third quarter of 2022.
  • Former President of NIKE, Trevor Edwards, is expected to be nominated as a director of Hypebeast.
  • Hypebeast成立於2005年,是一家蓬勃發展的數字媒體和電子商務公司,專注於文化和生活方式,在全球擁有超過2600萬粉絲。
  • 其遍佈80多個國家的創作者和消費者的全球社區使領先品牌能夠與Z世代和千禧一代的受眾建立聯繫並進行互動。
  • 高利潤率、持續盈利的業務在截至2022年3月31日的財年創造不低於1.12億美元的收入;從2015年到2021年實現了34%的複合年增長率。
  • 與Iron Spark的合併預計將提供高達1.8億美元的總收益,預計將產生5.34億美元的形式股權估值。
  • Hypebeast打算利用交易收益在技術、人才、品牌體驗和營銷方面進行投資,以支持作為一家全方位媒體和電子商務業務的持續增長。
  • 預計Hypebeast將在納斯達克兩地上市,股票代碼為$HYPE,其目前在香港證券交易所的上市代碼為00150.HK,交易預計將於2022年第三季度完成。
  • 耐克前總裁特雷弗·愛德華茲有望被提名為Hypebeast的董事品牌。
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