Is Gambol Pet the largest public pet company in China?
Worth $2.7 billion, the Liaocheng-based pet food company was successfully listed on the Shenzhen Stock Exchange in mid-August.
Chinese pet food manufacturer Gambol Pet Group went public after being listed on the Shenzhen Stock Exchange. Its total market capitalization is reportedly over ¥20 billion ($2.7B/€2.5B).
The company plans to fundraise approximately ¥1.6 billion ($219M/€201M) by issuing 40,004,500 shares at ¥39.99 ($5.4/€5) per share.
“Gambol Pet will take the listing as an opportunity to firmly grasp the strategic window of the rapid development of the pet industry in China,” says Qin Hua, Chairman and CEO of Gambol Pet.
Gambol Pet, founded in 2006, wants to continue increasing its market share in domestic and overseas markets as it strives to become a leading global pet food player.
The company hopes to expand internationally and build its advantage through innovations across technology, talent, markets and supply chains and currently exports to 33 countries.
Investments
Chinese investor Legend Capitals’ investments in 2019 and 2020 helped Gambol Pet shift from an export-oriented OEM business to a leading pet food enterprise.
The firm has since then contributed toward supply chain resource introduction, business sales channel connection, financial and legal compliance and talent introduction.
“Gambol Pet adheres to continuous innovation and emphasizes proprietary brands,” says Raymond Chen, Co-Chief Investment Officer of Legend Capital.
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