Hong Kong's red-hot IPO market shows few signs of cooling, with even the more mundane among of a flood of new listings often attracting frenzied demand. As for investment value, the prevailing attitude seems to be: Who cares? Speculate first!
Quantgroup Holding Ltd., an online consumer website operator, is hoping to capitalize on that market momentum by dusting off and refiling its Hong Kong listing application, aiming to overcome earlier setbacks. Its goal: Raising funds to stabilize its sizable debt.
Quantgroup operates two core businesses: its Yangxiaomie lifestyle platform, and its online-to-offline (O2O) auto retail Consumption Guide. It generates money by matching merchants with consumers through product displays, online payments, order processing and logistics.