Boqii Holding, China's largest pet-focused online retailer, filed on Tuesday with the SEC to raise up to $115 million in an initial public offering.
Boqii provides a one-stop destination for pet owners in China. It is the country's largest pet-focused platform by revenue and number of customers, its largest pet-focused online retailer by GMV, and its largest pet-focused online community by registered users. The company offers customers access to 17,853 SKUs as of June 30, 2020, and it delivered more than 43.2 million online orders to its customers from its inception through June 30, 2020.
The Shanghai, China-based company was founded in 2008 and booked $120 million in revenue for the 12 months ended June 30, 2020. It plans to list on the NYSE under the symbol BQ. Boqii Holding filed confidentially on June 22, 2020. Roth Capital, CMB International Capital and Valuable Capital are the joint bookrunners on the deal. No pricing terms were disclosed.
