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"at the end of last year, we changed to deloitte to do the auditing for our listing in hong kong and the united states. i believe that jiuxian will successfully realize its dream of listing in the future." two years after withdrawing its a-share ipo application, hao hongfeng, chairman of jiuxian group, expressed in a recent public speech that he still has expectations for jiuxian's dream of listing. this time, he has set his sights on hong kong and u.s. stocks.

public information shows that jiuxian network was founded in 2009 and is one of the leading domestic wine distribution companies. in terms of financing, the company has been favored by leading investment institutions such as sequoia china and china renaissance capital, and has received 11 rounds of financing with a total financing amount of more than 1.6 billion yuan. however, jiuxian now seems to no longer be favored by investors, and its most recent financing was more than four years ago.

in fact, as early as the third year of its establishment, jiuxian began to prepare for listing and was successfully listed on the new third board in 2015. however, after being delisted from the new third board in 2017, jiuxian's return to the capital market was not smooth. at the end of 2017, jiuxian.com launched a round of pre-ipo financing, sounding the clarion call for listing. in this round of financing, sequoia china, china renaissance capital and other institutions that participated in the company's early investment all followed up. at the same time, the company signed a bet agreement with several investor shareholders, which stipulated that if jiuxian.com failed to successfully ipo before december 31, 2018, the investors had the right to require the founder hao hongfeng to repurchase all or part of the equity.