Mito submitted to the HKEx PO applications to finance $5-10 billion

[TechWeb] August 22nd news reports, multi information display, Mito company has been in the Hong Kong Stock Exchange submitted IPO application, and in the fourth quarter of this year to be listed, raising $500 million to $1 billion.

 

information, Mito company was founded in 2008, has been carried out a number of rounds of financing, namely:

in January 2009, the United States and the United States by the Long Jing investment to invest in Angel round of financing;

in March 2011, the United States by Sina micro-blog, Sina investment in the A round of financing;

January 2012, Mito obtained from Qiming cast B round of financing;

June 2014, Mito Innovation workshop, Qiming cast C round of financing.

more than the financing of the United States did not disclose the specific amount of financing, but there is news that in 2009 the cumulative amount of financing in the United States in -2014 $360 million, after the C round of the company’s valuation of the u.s..

Since then, the United States and the United States launched a D round of financing, investment 3 billion 700 million U.S. dollars, the current round of financing $300 million, after the investment of $4 billion, second shot on a round of financing $200 million, the total valuation of more than $1 billion.

ownership structure, in the last round of financing, before the vote Cai Wensheng, Mito CEO two people held a total of more than 50% of the company’s stake in the United States, the United States and the United States and the core figure holds a stake of 3.2%. IDG holds a 9% stake in Mito, Qiming holds 7.7% of the equity investment, the Tiger Fund holds 11% stake, Huaxia Fund holds a 7% stake, Innovation workshop shareholding has reached about 3.8%, the strategy of Foxconn shareholders holding 1.7%.

revenue, Mito 2015 sales revenue of about 800 million yuan, in 2014 was $493 million, in 2013 was $86 million. Currently, the company is in a state of loss, there are projections that the United States may be in 2017 revenue over 4 billion 100 million yuan and began a large-scale profit. (Ming Yu)

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