Zhengye Biotechnology Concludes Successful Initial Public Offering

Zhengye Biotechnology Successfully Closes IPO Raising $6 Million

Zhengye Biotechnology Holding Limited (NASDAQ: ZYBT), a prominent player in veterinary vaccine manufacturing, proudly announces the successful closing of its initial public offering (IPO). This significant milestone reached on January 7, 2025, involves the sale of 1,500,000 ordinary shares priced at $4.00 each. Following this offering, the ordinary shares are now trading on the Nasdaq Capital Market under the ticker symbol 'ZYBT.'

Financial Insights Regarding the Offering

The successful IPO yielded an impressive aggregate of $6 million, prior to the deduction of underwriting fees and other associated expenses. In addition to the primary shares sold, an option has been extended to the underwriter, allowing the purchase of an additional 225,000 shares within a 45-day window from the closing date. This option is intended to serve as a safeguard for any over-allotments that may arise.

Utilization of IPO Proceeds

With the funds generated from this IPO, Zhengye Biotechnology is directing resources towards strategic initiatives. A significant focus will be on acquiring other companies in the vaccine production sector and advancing critical research and development projects. This forward-thinking strategy aims to enhance the company’s offerings in the veterinary field, especially for livestock.

Role of Kingswood Capital Partners in the IPO

The IPO was managed by Kingswood Capital Partners, LLC, with them acting as the sole book-running manager. Their expertise in navigating this process ensured a smooth transition into the public market. Legal support was provided by Hunter Taubman Fischer & Li LLC, who represented the Company, alongside VCL Law LLP, who served as counsel to Kingswood.

Regulatory Framework and Compliance

The offering was backed by a registration statement on Form F-1, which was filed with the U.S. Securities and Exchange Commission (SEC) under File Number: 333-276436. This document was officially declared effective by the SEC on December 20, 2024. Essential to this process was the detailed prospectus that outlines all pertinent information regarding the offering.

Introduction to Zhengye Biotechnology

Zhengye Biotechnology Holding Limited operates through Jilin Zhengye Biological Products Co., Ltd., which is located in Jilin, China. With a dedicated focus on veterinary vaccines, particularly for livestock, the Company has established a noteworthy presence in the market for over two decades. Their impressive portfolio includes 44 veterinary vaccines, targeting species such as swine, cattle, goats, sheep, poultry, and dogs.

A Glimpse at Their Production Capacity

The company stands out with its three GMP-certified veterinary vaccine production facilities. Here, they maintain 13 GMP vaccine production lines equipped with a quality examination center and an animal facility dedicated to vaccine development. The expertise of their 49 employees, many of whom have over a decade of experience in the industry, drives their success and commitment to animal health across 28 provinces in China as well as in international markets, including Vietnam, Pakistan, and Egypt.

Further Information and Contact Options

For those interested in learning more about Zhengye Biotechnology’s innovative offerings and initiatives, the Company’s official website provides a wealth of information regarding their products and services.

Frequently Asked Questions

What is Zhengye Biotechnology Holding Limited?

Zhengye Biotechnology is a veterinary vaccine manufacturer that specializes in the research, development, production, and sales of veterinary vaccines, particularly for livestock.

When did Zhengye Biotechnology's IPO take place?

The initial public offering was successfully closed on January 7, 2025, marking a key moment in the company's growth strategy.

How much capital did Zhengye Biotechnology raise through its IPO?

Through the IPO, Zhengye Biotechnology raised a total of $6 million, aimed at enhancing their research and development capabilities and expanding their market presence.

Who managed the IPO for Zhengye Biotechnology?

Kingswood Capital Partners, LLC served as the sole book-running manager for the IPO, providing crucial guidance throughout the process.

What are the future plans for Zhengye Biotechnology regarding the IPO proceeds?

The company plans to invest the proceeds into acquiring vaccine production companies and fostering research and development initiatives to improve their veterinary vaccine offerings.

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