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New Oxygen to Submit IPO Prospectus: Shock the First Share of Internet Medical and Aesthetic

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New Oxygen to Submit IPO Prospectus: Shock the First Share of Internet Medical and Aesthetic
Tencent "Front Line" author Wang Pan, Beijing Time, April 9, morning, Beijing New Oxygen Technology Co., Ltd. (hereinafter referred to as "New Oxygen Technology" or "New Oxygen") to the United States Securities and Exchange Commission (SEC) to submit a prospectus, to be listed in Nasdaq, code SY. New Oxygen Technologies underwriters are Deutsche Bank and CICC, but the company has not disclosed in the prospectus the number of issuance, issuance price range and other information. According to the New Oxygen Technology Prospectus, the company's revenue scale has achieved rapid growth in the past three years. Its total revenue jumped from 249 million yuan in 2016 to 259 million yuan in 2017, with a growth rate of 428%. In 2018, its total revenue increased by 138% to 617 million yuan (about 89.8 million US dollars). In 2018, New Oxygen Technology realized a net profit of 55.08 million yuan, a substantial increase of 220% over the previous year. By the end of 2018, New Oxygen has become China's largest online one-stop medical and aesthetic service level.
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