New Stock First Day | EDA Group Holdings debuts on the market with a 35.53% opening surge in early trading
EDA Group Holdings made its debut on the stock market, with an announcement indicating a price of HKD 2.28 per share. A total of 97.625 million shares were issued, with a trading unit of 1000 shares per lot, resulting in a net amount of approximately HKD 192 million. As of the time of writing, the stock has surged by 35.53% to HKD 3.09, with a trading volume of HKD 28.951 million. EDA Group Holdings (Yida Cloud) is known for providing end-to-end supply chain solutions for e-commerce sellers, focusing on empowering the rapidly growing B2C export e-commerce industry in China. The company's supply chain solutions cover cross-border logistics, overseas warehousing, and fulfillment services, integrated through its self-developed Yida Cloud platform which includes various digital supply chain management tools. According to Frost & Sullivan, by 2023, Yida Cloud ranks sixth among all major B2C export e-commerce supply chain solution providers in China adopting the overseas warehouse model, holding approximately 0.5% market share. In the overall Chinese export e-commerce supply chain solution market, Yida Cloud's market share is around 0.1%
According to the financial news app Smart Finance, EDA Group Holdings (02505) has made its debut on the stock market. The announcement shows that the IPO price is HKD 2.28 per share, with a total issuance of 97.625 million shares, in lots of 1000 shares each, resulting in a net amount of approximately HKD 192 million. As of the time of writing, the stock has surged by 35.53% to HKD 3.09, with a trading volume of HKD 28.951 million.
It is reported that EDA Group Holdings (Yida Cloud) is a supplier focused on providing end-to-end supply chain solutions for e-commerce sellers, aiming to empower the rapidly growing B2C export e-commerce industry in China. The company's supply chain solutions cover cross-border logistics, overseas warehousing, and fulfillment services, and are integrated through the self-developed Yida Cloud platform, which includes various digital supply chain management tools.
According to Frost & Sullivan data, by 2023, Yida Cloud ranks sixth among all major B2C export e-commerce supply chain solution providers in China that adopt the overseas warehouse model, with approximately 0.5% market share. In the entire Chinese export e-commerce supply chain solution market, Yida Cloud holds a market share of around 0.1%