【New Stock IPO】Fast Innovation announces the fastest IPO this week, aiming to raise 1.56 billion yuan; last year's first three quarters saw a 20% year-on-year increase in profits

2026-03-09 11:29:02

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Online Direct-to-Consumer (DTC) Network Solution Provider Feishu Innovation Accelerates Development Last Monday (the 2nd), Feishu Innovation held a hearing and reportedly began pre-roadshow preparations. News indicates that Feishu Innovation is expected to launch an IPO this week, aiming to raise approximately $200 million (about HKD 1.56 billion).

Previously, there were reports that Feishu Innovation planned to raise between $200 million and $250 million. China International Capital Corporation, CITIC Construction Investment, and China Merchants Securities are acting as joint sponsors.

According to an updated preliminary prospectus citing industry reports, based on 2024 revenue, the company’s market share is 6.9%, making it the second-largest online DTC network solution provider globally. Through its sales platform FS.com, it offers scalable, cost-effective, and one-stop network solutions.

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Last year’s first three quarters saw a 20% increase in profit

The document shows that by the end of September last year, the company’s profit for the first three quarters was RMB 423 million, an increase of 20.63% year-on-year; excluding financial costs such as share-based payments and debt redemption interest, adjusted net profit was RMB 460 million, up 28.17% year-on-year. During this period, revenue increased by 11.31% to RMB 2.174 billion, with 54.2% coming from the U.S. market, 28.4% from Europe, and 9.2% from Asia.

The funds raised will be used for the next five years to strengthen the technological platform’s digital intelligence R&D; enhance delivery capabilities in major overseas markets; digitize network solutions and service business platforms; and serve as operating capital and for general corporate purposes.

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