Hywin Holdings Ltd.

General Information
Business:

(Note: This is an IPO of American Depositary Shares. Each ADS represents two ordinary shares, the prospectus says.)

Hywin is the third-largest third-party wealth management service provider in China, with a 7.5% market share in terms of 2019 transaction value, according to CIC. According to the same source, among the five largest industry participants in China, we were also the fastest-growing in terms of transaction value. In recent years, we have won awards for our achievements, including “Best Wealth Manager of Greater China Families” at the WealthBriefingAsia Greater China Awards 2020.

We primarily provide wealth management services, insurance brokerage services, asset management services and other services to our clients. Our largest business to date has been our wealth management service business, under which we market and distribute privately raised products, publicly raised fund products and other products, providing a wealth management solution platform to serve clients across lifecycles and both onshore and offshore.

*Revenue and net income figures are in U.S.$ and  for the year ended June 30, 2020, according to the prospectus.

(Note: Hywin Holdings, Ltd., further downsized its IPO at pricing on March 25, 2021: 3 million ADS, down from 3.8 million in its recently amended prospectus, at $10 – the bottom of its $10-to-$12 range – to raise $30 million. Hywin cut the number of ADS in its IPO by 10 percent to 3.8 million, down from 4.2 million, and kept the price range the same at $10 to $12 each in an S-1/A filing dated March 17, 2021.)

Industry: Investment Advice
Employees: 2436
Founded: 2006
Contact Information
Address F3, Hywin Financial Centre 8 Yincheng Mid. Road, Pudong New District, Shanghai City People’s Republic of China, 200120
Phone Number +86-021-80133992
Web Address http://www.hywinwealth.com
View Prospectus: Hywin Holdings Ltd.
Financial Information
Market Cap $288mil
Revenues $181.49 mil (last 12 months)
Net Income $15.0 mil (last 12 months)
IPO Profile
Symbol HYW
Exchange NASDAQ
Shares (millions): 3.0
Price range $10.00 - $10.00
Est. $ Volume $30.0 mil
Manager / Joint Managers Network 1 Financial Securities/Alexander Capital L.P./Valuable Capital
CO-Managers -
Expected To Trade: 3/26/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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