Jumeiyoupin received the privatization offer with the purchase price proposed to be $20 per share


According to the latest news released by Jumei, Jumei Youpin received the privatization offer submitted by the buyer group represented by the CEO of Jumei group on January 11, and proposed to purchase the shares not held by the buyer group at a price of $20 per ads (American Depository shares), which was 15% higher than the closing price of the previous trading day. If the deal is concluded, jumeiyoupin will become a private holding company owned by the buyer group.
Previously, it was reported that at the shareholders’ meeting held in Jumei, Jumei shareholders had repeatedly put forward privatization proposals, and shareholders also called for Jumei privatization in various channels. In the view of some shareholders, Jumei can provide investors with a relatively premium exit channel only through privatization. It can be seen that the initiation of the privatization offer is also in response to shareholders’ suggestions.
Since its IPO in 2014, Jumei’s share price has been under constant pressure. After the original vertical e-commerce business fell into difficulties, Jumei has been committed to exploring new growth points and racetracks. However, as a listed company, Jumei Youpin has long been in a dilemma of not only striving for better performance in the capital market, but also investing a lot of money in business transformation.
Through privatization, jumeiyoupin shareholders can obtain corresponding liquidity, and for jumeiji, it will also promote its diversified business development and strategic transformation.