According to information, the three companies that will be present today are: Three Squirrels Co., Ltd., Jiangsu Zhuoshengwei Electronics Co., Ltd. and CNOOC Energy Development Co., Ltd. have all been successfully approved.

Three Squirrels: Three IPOs End in Two Years

Three Squirrels, established in 2012, submitted Prospectus to the CSRC on March 29, 2017, formally entering the capital market. However, in October 2017, Three Squirrels “suspended the review” because “the signing lawyer resigned”. Ten days later, on October 31, 2017, Three Squirrels updated Prospectus, and its IPO application returned to the normal review. On the December 8 of the same year, the China Securities Regulatory Commission announced that Three Squirrels would be deliberated that week. However, on the evening of December 12, 2017, the Commission’s Issuance Examination Committee issued a Supplementary Circular at its 72nd meeting, deciding to cancel the review of its issuance and review documents for the initial issue of Three Squirrels (there are still related matters that need further verification). Until June 25, 2018, Three Squirrels entered the IPO queue stage for the third time, with an audit status of “advance disclosure update”. Three IPO in two years, which is also rare in domestic enterprises.

As known, Three Squirrels is an industry-leading brand E-commerce company with the leisure food as its core. The company mainly sells leisure food of its own brand through the Internet platforms such as the Tmall Mall, Jingdong, proprietary cell phone App and diversified channels such as the team buying and off-line physical examination stores. The product portfolio covers nuts, dried fruits, dried fruits, scented tea and snacks, and other major leisure food categories. The company’s core brand “Three Squirrels” and Three Squirrel images “Squirrel Little Cool”, “Squirrel Little Beauty”, “Squirrel Little Base” enjoy high popularity among the consumers.