Cleary Gottlieb represented Roth Capital Partners, CMBI, and Valuable Capital Limited as underwriters in the initial public offering of Boqii Holding Limited.
The IPO consisted of an offering of 7 million American depositary shares, each representing 0.75 Class A ordinary share. The offering priced at $10.00 per ADS on September 29, 2020, and closed on October 2, 2020. The ADSs are listed on the New York Stock Exchange, under the symbol “BQ.”
Boqii is the largest pet-focused platform in China, in terms of revenue in 2019 and number of customers as of December 31, 2019, according to Frost & Sullivan. It is an “emerging growth company.”