ATIF lands $1.8 million consulting contracts for IPO work

12 August 2020 2 min. read

Two rapidly growing Chinese companies have hired Shenzhen-based consultancy ATIF Holdings to help them prepare for their anticipated debut on Nasdaq.

A growing number of Chinese companies are choosing to go public in the US, despite the geo-political tensions between the two superpowers.  By listing on Nasdaq or New York Stock Exchange, Chinese companies aim to get access to the world’s largest investor market, and tap into the large opportunities offered by the US market.

In June alone, Dada Nexus, Legend Biotech Corp, Ucloudlink Group and Burning Rock Biotech all made their debut on Nasdaq, and now Shenzhen Agrecoe Biotechnology and Yinfu Gold Corporation are planning to follow in their footsteps.

Headquartered in Shenzhen, Agrecoe is a biotechnology company specialised in the research, development, production and sales of microbial inoculants in the three major fields of agriculture, environmental protection and food. 

Agrecoe and Yinfu Gold preparing for US listing

As part of a $1 million consulting deal, business consulting firm ATIF Holdings will support Agrecoe with capital market advisory services including business planning and strategy development, planning and assisting with fund raising activities, and investor and public relations services.

Yinfu Gold Corporation (trading as ELRE) operates out of China and the US, and was founded in 2005. The company specialises in emerging technologies such as artificial intelligence, the internet of things and the industrial internet of things. 

Under a $800,000 agreement with ATIF Holdings, the consultancy has been tasked with helping Yinfu Gold Corporation with ownership verification, equity restructuring, asset and business model optimisation and financial advisory. 

Jun Liu, the CEO and Director of ATIF Holdings, said that he is delighted with the two engagements: “We are proud to have signed consulting agreements with Yinfu Gold Corporation and Agrecoe within a week. We look forward to seeing our clients achieving great progress and strong growth in 2020 and beyond, as increased access to US capital market drives the momentum.”