According to the insiders, Beijing Shiwuyou E-commerce Co., Ltd, hereinafter referred to as “Shiwuyou”, a service provider and operator of the special agricultural food safety technology, intends to secretly submit a prospectus to the Securities and Exchange Commission (SEC) with stock code “SWY”. Besides, JPMorgan has been invited, as the lead underwriter, to participate in seeking more than $1 billion through IPOs for the company on the New York Stock Exchange.
Shiwuyou, established in 2017, is dedicated to the empowerment and market operation of the Chinese characteristic agricultural products and food technology. In 2020, the company has promoted the characteristic industry of Singli Roxbrugh Rose Fruit in Guizhou Province through technological empowerment and operational services, which has hundred-fold increased the volume of production for local farmers and vendors. In less than one year, the sales of specialty fast-moving consumer goods exceeded 100 million yuan.
It is reported that the company has unique industry barriers in the field of food safety. At present, the company has finished the Pre-A financing and did not disclose the specific value. But all the investors believed the company will be another Chinese unicorn enterprise in the industry.