Chinese pet services provider New Ruipeng pulls US IPO

ismagilov New Ruipeng Pet Group ( RPET ), a provider of pet services in China, has withdrawn a proposed $100M US initial public offering, according to an SEC filing. The company first filed for the IPO in January, with plans to list its shares on Nasdaq under the symbol RPET. New Ruipeng never set terms for the IPO but indicated in a filing fee schedule that it was seeking around $100M, a number that was likely a placeholder and subject to change.

Incorporated in the Cayman Islands, New Ruipeng runs a pet services and supplies platform in China. The company operated 1,942 pet hospitals in the country as of the end of Sept. 30 and offers continuing education for veterinarians.

It also offers pet supplies and services through its portal Rvet and JackPet brick-and-mortar stores. More on New Ruipeng Pet Group Inc. Financial information for New Ruipeng Pet Group Inc.

.