On March 10, 2023, JF Wealth Holdings Ltd ("JF Wealth") (09636.HK) was officially listed on the Main Board of the Stock Exchange of Hong Kong, becoming the "No. 1 stock of securities investment education" in China. "JF Wealth issued 59,618,500 shares globally at an issue price of HK$17 per share, raising net proceeds of approximately HK$906 million.

 

JF Wealth is the largest online investor content provider and the second largest online investment decision solution provider in China. The company focuses on providing online high-end investment education, online financial education and financial information software to help individual investors better understand the financial markets and make investment decisions.

 

The IPO was exclusively sponsored by CICC.

 

KPMG as its auditor.

 

Clifford Chance LLP, King & Wood Mallesons, Conyers as legal advisors to the issuer, providing professional services to JF Wealth on Hong Kong and US law, PRC law and Cayman Islands law respectively.

 

Latham & Watkins LLP and JunHe LLP acted as Hong Kong and U.S. counsel and China counsel, respectively, to the Sponsor.

 

Frost & Sullivan is its industry advisor.