The IPO year of Yi Hua Holdings Limited is 2013
Initial public offering is a type of public offering in which shares of a company usually are sold to institutional investors that in turn, sell to the general public, on a securities exchange, for the first time.
Through IPO a privately held company transforms into a public company. Initial public offerings are mostly used by companies to raise the expansion of capital, possibly to monetize the investments of early private investors, and to become publicly traded enterprises. A company selling shares is never required to repay the capital to its public investors. After the IPO, when shares trade freely in the open market, money passes between public investors.
Although IPO offers many advantages, there are also significant disadvantages, chief among these are the costs associated with the process and the requirement to disclose certain information that could prove helpful to competitors.
The IPO process is colloquially known as going public. Details of the proposed offering are disclosed to potential purchasers in the form of a lengthy document known as a prospectus. Most companies undertake an IPO with the assistance of an investment banking firm acting in the capacity of an underwriter. Underwriters provide several services, including help with correctly assessing the value of shares.
Yi Hua Holdings Limited, an investment holding company, operates department stores under the Yihua Department Store brand in the People's Republic of China. It operates through eight segments: Department Store, Supermarket and Convenience Store, Electrical Appliances, Furniture, Consulting Service, Property Investment, Property development, and Others. The Department Store segment offers watches, jewelries, cosmetics, handbags, leather goods, children's products, clothing, shoes, textiles, sportswear, beddings, etc. The Supermarket and Convenience Store segment offers food and beverages, perishables, and other household products under the Yihua Lejia Supermarket brand. The Electrical Appliances segment provides electrical appliances, such as refrigerators, washing machines, air conditioners, televisions, kitchen appliances, rice cookers, hair dryers, toasters, etc. under the Yihua Sihai Electrical Appliance Centre brand. The Furniture segment operates furniture stores under the Yihua Shijia brand. The Consulting Service segment engages in the market research activities, as well as provides advice on design, decoration, and layout for properties. The Property Investment segment develops and leases commercial properties. The Property Development segment develops and sells residential properties, carparks, and commercial properties. The Others segment engages in the production and sale of game console; educational software development; and virtual reality business. The company also engages in the e-commerce business; and the operation of vegetables and fruits stores. Yi Hua Holdings Limited was formerly known as Yi Hua Department Store Holdings Limited and changed its name to Yi Hua Holdings Limited in October 2015. The company was founded in 1994 and is headquartered in Zhongshan, the People's Republic of China.