Accel Entertainment(US:ACEL) Sou Hu Cai Jing·2025-10-23 11:38Core Viewpoint - Accelerate Capital (Jiangsu) Co., Ltd. has successfully completed its OTC listing with a stock code of ACEL, raising $8 million through the issuance of 1.8 million shares at an offering price of $6.5 per share, marking a significant milestone for Chinese concept stocks in the OTC market [1][3]. Group 1: Listing and Financial Performance - The company achieved a market capitalization of approximately $52 million upon listing, making it the first Chinese concept stock to enter the OTC market in October [1]. - The fundraising scale of $8 million is notably higher than the average of $6.5 million for Chinese concept stocks in the OTC market during the same period, ranking 6th [3]. - The company’s issuance price reflects a price-to-earnings ratio of 16.8 times, which is 15.9% higher than the average of 14.5 times for similar "trade + service" Chinese concept stocks [3]. Group 2: Business Model and Operations - Accelerate Capital operates a dual business model comprising "media marketing + electrolytic aluminum trade," which injects new vitality into the niche segment of Chinese concept stocks [1][5]. - In the media marketing sector, the company focuses on corporate brand communication and cross-border marketing services, particularly aiding local manufacturing enterprises in expanding into Southeast Asia and Europe [5]. - The electrolytic aluminum trade business benefits from Jiangsu's strategic location as a major industrial base, establishing a stable supply chain from upstream aluminum manufacturers to downstream manufacturing clients, with an annual trade scale exceeding 300 million RMB [5]. Group 3: Operational Metrics - The core customer retention rate in media marketing stands at 91%, surpassing the industry average of 80%, while the new customer conversion cycle is reduced to 45 days, compared to the industry standard of 60 days [3]. - In the electrolytic aluminum trade, the top three suppliers account for 45% of procurement, which is lower than the industry average of 60%, and the payment cycle for downstream customers is 38 days, shorter than the industry average of 45 days [3].