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Autozi Internet Technology Priced, Nasdaq: AZI

Sells parallel import cars and auto parts in China.

Industry: Consumer Discretionary

Latest Trade: $0.83 -0.04 (-4.1%)

First Day Return: -34.5%

Return from IPO: -78.4%

Industry: Consumer Discretionary

We are one of the leading and fast-growing lifecycle automotive service providers in China. In 2022, we ranked first and third in terms of the growth rate of revenues generated from NEV sales, and the growth rate of revenues, respectively, among all the lifecycle automotive service providers in China, according to the Frost & Sullivan report. Founded in 2010, we provide high-quality, affordable, and professional one-stop automotive products and services through online and offline channels countrywide. Leveraging our online supply chain cloud platform, SaaS platforms, and the network of MBS stores, we have established an ecosystem of lifecycle automotive services by connecting automotive manufacturers, auto parts manufactures, and insurance companies with MBS stores and various automotive owners. Therefore, we have built an automotive supply and service chain cloud platform utilizing a suppliers-to-business-to-customers, or S2B2C, business model, with automotive manufacturers, auto parts manufactures, and insurance companies acting as the “suppliers,” MBS stores acting as the “business,” automotive owners acting as the “customers,” and us taking the role of “to” to link the industry players and provide the supply and service chain operation services to realize the process synchronization and optimization among the various transaction entities along with the automotive supply and service chain, from merchandise sourcing, ordering and payment, inventory control, and logistics and fulfilment management, to service rendering.
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IPO Data
IPO File Date 08/02/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 2.5
Deal Size ($mm) $10
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/27/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 2.5
Deal Size ($mm) $10
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Kingswood Capital Markets
Company Data
Headquarters Beijing, China
Founded 2010
Employees at IPO 83
Website www.autozi.com

Autozi Internet Technology (AZI) Performance