Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Digital Reading Service Provider iReader Wins Approval for IPO

Sootoo, 7/28/17

The China Securities Regulatory Commission (CSRC) recently revealed via its website that it has granted approval to online digital reading service provider developer iReader Technology to IPO on the Shanghai Stock Exchange.

iReader plans to issue 40 mln shares in the IPO, amounting to a 10% stake in the company, and hopes to raise a total of RMB 1.047 bln in the process.

According to iReader's investment prospectus, the company is engaged primarily in the provision of online digital reading services and value-added services. It maintains a digital library of copyrighted content from publishers, copyright operators, literature websites, and authors, and it offers digital reading products online. It also sells e-book reader hardware products and engages in joint game operation and advertising value-added services through its self-operated online platform.

iReader had annual operating revenues of RMB 420 mln, RMB 640 mln, and RMB 1.198 bln in 2014, 2015, and 2016, respectively. Its net profits were RMB 68.87 mln, RMB 43.87 mln, and RMB 86.66 mln, respectively, for the same periods.

Keywords: online literature Internet IPO CSRC iReader e-book hardware


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports