Houyi Digital Begins $100 Million U.S. IPO Effort

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Jiyi/iStock via Getty Images A Quick Take On Houyi Digital Internet Industry Technology Co. Houyi Digital Internet Industry Technology Co., Ltd. (HYHL) has filed to raise $100 million in an IPO of its ordinary shares, according to an SEC F-1 registration statement. The firm sells alcohol products and related items and services in China. The market for Houyi Digital Internet Industry Technology Co., Ltd. products is substantial, but competition is fragmented and intense. I’ll provide a final opinion when we learn more IPO details from management. Houyi Overview Shenzhen, China-based Houyi Digital Internet Industry Technology Co., Ltd. was founded to...