Initial Public Offering (IPO)

Congratulations to TYK Medicines, Inc (2410.HK) on its successful listing on the Mainboard of HKSE on 20 August 2024.
 
TYK Medicines, Inc (“TYK”) is a clinical-stage biopharmaceutical company committed to the discovery, acquisition, development and commercialization of differentiated targeted therapies to address unmet medical needs in cancer treatment. Since TYK inception in 2017, TYK has built a pipeline with 11 drug candidates, including Core Product TY-9591, six clinical stage products, and four preclinical stage or early clinical development stage products.
 
With regard to this listing application, AVISTA Group is honoured to be engaged in providing valuation analysis in connection with the fair value of preferred shares, impairment test of intangible assets, fair value of RSU and property investment.
 
Congratulations again to TYK Medicines, Inc (2410.HK) on its successful listing. The issue price is HKD12.10 per share and the amount of funds raised is HKD579 million.
 
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Congratulations to TYK Medicines, Inc (2410.HK) on its Successful Listing

YXT.COM Group Holding Limited  (“YXT.COM”), as a technology enterprise, provides clients with digital corporate learning solutions, including: Software SaaS services, content solution services, and digital corporate learning operation services. It is an innovative platform company in the field of corporate training.
 
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services on financial instruments, financial assets.
 
Congratulations again to YXT.COM Group Holding Limited (YXT.US) on its successful listing. The issue price is USD 11.00 per share, and the amount of funds raised is USD 25 million.
 
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Congratulations to YXT.COM Group Holding Limited (YXT.US) on its successful Listing on NASDAQ on 16 August 2024

Congratulations to Black Sesame International Holding Limited (2533.HK) on its successful Listing on the Mainboard of HKSE on 8 August 2024
 
Black Sesame International Holding Limited (“Black Sesame”) is an automotive-grade computing SoC and SoC-based intelligent vehicle solution provider. Operating in the midstream of autonomous driving value chain as a Tier 25 supplier, Black Sesame provide autonomous driving products and solutions in the form of bundled SoC-based solutions and algorithm-based solutions. In terms of shipment of automotive-grade high-computing power SoCs in 2023, Black Sesame is the third largest provider globally, according to Frost &amp; Sullivan.
 
With regard to this listing application, AVISTA Group is honored to be engaged in providing preferred share, warrant, convertible bond and employee share option for financing reporting purpose.
 
Congratulations again to Black Sesame International Holding Limited (2533.HK) on its successful listing. The issue price is HKD 28.00 per share, and the amount of funds raised is HKD 1.036 billion.
 
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Congratulations to Black Sesame International Holding Limited (2533.HK) on its Successful Listing

Congratulations to NIP Group Inc. (NIPG.US) on its successful listing on NASDAQ on 27 July 2024.
 
NIP Group Inc.(“ NIP”) is an all-rounded E-Sports companies founded in China. The company mainly engages in the operation of the China-based E-Sports team eStar and the Sweden-based E-Sports team Ninjas in Pyjamas, which participate world-class tournaments in China and overseas. The company also engages in the provision of E-Sports tournaments operation and streaming business in China.
 
With regard to this listing application, AVISTA Group is honoured to be engaged in providing valuation services in relation to purchase price allocation analysis and fair value assessment on preference shares.
 
Congratulations again to NIP Group Inc. (NIPG.US) on its successful listing. The issue price is USD 9 per share and the amount of funds raised is USD 20 million approximately.
 
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Congratulations to NIP Group Inc. (NIPG.US) on its Successful Listing

Congratulations to GL-Carlink Technology Holding Limited (2531.HK) on its successful listing on the Mainboard of HKSE on 15 July 2024.
GL-Carlink Technology Holding Limited (“GL-Carlink Technology”) is an in-vehicle hardware and SaaS marketing and management service provider for players within the automotive aftermarket industry in China, with a focus on (i) sales of in-vehicle hardware products; and (ii) provision of SaaS marketing and management services, covering SaaS subscription services and SaaS value-added services, to the industry participants along the industry value chain.
 
GL-Carlink Technology is dedicated to supporting our customers in the automotive aftermarket industry to better connect with their customers through our sales of in-vehicle hardware products and SaaS marketing and management services, which formed part of our SaaS value-added services. With decade-long operational experience and coupled with our industry insight and an ability to leverage the capability of technology GL-Carlink Technology have developed industry-specific products and services for industry participants along the automotive aftermarket industry value chain such as 4S stores to improve their marketing and operational efficiencies.
 
With regard to this listing application, AVISTA Group is honoured to be engaged in providing valuation services in relation to financial assets for financial reporting purpose and valuation service on total equity value for internal reference.
 
Congratulations again to GL-Carlink Technology Holding Limited (2531.HK) on its successful listing. The issue price is HKD 4.70 per share and the amount of funds raised is HKD 230 million.
 
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Congratulations to GL-Carlink Technology Holding Limited (2531.HK) on its Successful Listing

Congratulations to Jiangxi Rimag Group Co.,Ltd. (2522.HK) on its successful listing on the Mainboard of HKSE on 7 June 2024.
 
Jiangxi Rimag Group Co.,Ltd. (“Rimag”) , a prominent medical group in China specializing in medical imaging, is the sole operator and manager of a comprehensive medical imaging platform offering diverse services and value across the entire industry chain in China. Rimag mainly compete in the PRC third-party medical imaging center market, a fast-growing segment whose market size grew at a CAGR of 29.0% from 2018 to 2023 and is expected to grow with a CAGR of 33.5% from 2023 to 2026, far exceeding that of 12.9% and 14.3% of the PRC medical imaging service market during the same periods, respectively.
 
With regard to this listing application, AVISTA Group is honoured to be engaged in providing valuation services in relation to preferred shares, employee stock plan, M&amp;A transactions, financial assets, goodwill and asset impairment tests and expected credit losses.
 
Congratulations again to Jiangxi Rimag Group Co.,Ltd. (2522.HK) on its successful listing. The issue price is HKD14.98 per share and the amount of funds raised is HKD266.88 million.
 
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Congratulations to Jiangxi Rimag Group Co.,Ltd. (2522.HK) on its Successful Listing

Congratulations to Autostreets Development Limited (2443.HK) on its successful listing on the Mainboard of HKSE on 31 May 2024.
 
Autostreets Development Limited (“Autostreets”) is China’s largest used vehicle transaction service provider in terms of transaction volume in 2022, according to CIC. As an intermediary that connects used vehicle buyers and sellers, Autostreets’ facilitate used vehicle transactions through transaction platform in two auction formats, namely online-offline integrated auction and online auction. In 2022, approximately 160,000 units of used vehicles were transacted through its transaction platform, with a market share of 12.6% among China’s used vehicle transaction service providers. In 2023, approximately 176,000 units of used vehicles were transacted through our transaction platform. Autostreets also has the largest number of offline auction sites and broadest offline service geographic coverage among China’s used vehicle transaction service providers. As of December 31, 2023, Autostreets had 79 auction sites strategically located in 74 cities and offered offline services in 317 cities across China.
 
With regard to this listing application, AVISTA Group is honoured to be engaged in providing valuation services in relation to preferred stocks, warrant, call options and financial assets.
 
Congratulations again to Autostreets Development Limited (2443.HK) on its successful listing. The issue price is HKD10.20 per share and the amount of funds raised is HKD153 million.
 
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