Core Viewpoint - The Shenzhen Stock Exchange has decided to terminate the review of Beijing Papaya Mobile Technology Co., Ltd.'s initial public offering (IPO) and listing on the ChiNext board [1] Group 1: Company Overview - Papaya Mobile specializes in providing internet overseas marketing services for Chinese enterprises, utilizing major overseas internet marketing channels such as Facebook, Google, YouTube, and Instagram for advertising [1] - The company aims to help Chinese businesses acquire customers and promote their brands and products to overseas users through various advertising formats, including search display ads and performance-based ads [1] Group 2: IPO Details - Papaya Mobile originally planned to issue no more than 22.58 million new shares, accounting for at least 25% of the total share capital post-issuance [2] - The company intended to raise approximately 657 million yuan, with allocations of 271 million yuan for the Papaya internet marketing platform upgrade, 133 million yuan for the Papaya comprehensive e-commerce customer service platform, 63.5 million yuan for the Papaya R&D center construction, 90.6 million yuan for the headquarters project, and 100 million yuan for working capital [2] - The underwriting institution for this issuance was Zhongtian Guofu Securities, with representatives Chen Dongyang and Zhao Liang [2]
木瓜移动提交终止审核文件 获深交所批准
Zhong Guo Jing Ji Wang·2025-07-28 03:04