Thrive recently submitted IPO documents to the United States Securities and Exchange Commission (SEC). It is said that the preliminary review for the NASDAQ IPO has been passed and that it is expected to be officially listed on the Nasdaq Stock Exchange under the stock code “TR” after Christmas. The underwriters of this IPO include Goldman Sachs Capital, Roth Capital, Silver Brokers, EF Hutto.
THRIVE is a smart cloud warehouse logistics company. It started its formal operation in 2013. The first phase of the cloud warehouse built in India in 2021 has been a great success, and the second phase of the warehouse will also be completed in November 2021.
According to the prospectus, THRIVE is an intelligent unmanned warehouse logistics platform based on 5G technology. Through the interactive operation of three users, drones, warehouse and cloud, it creates value for millions of users.
According to internal senior management leo, funds from all Thrive users have been transferred to the foundation for aggregate calculation to ensure that the audit firm and financial reports pass the PCAOB review to complete the list smoothly. . period, Thrive said it plans to pay a certain percentage of stock dividends based on all funds in the client’s current capital account within 30 days.
In other words, every money earned in Thrive will be converted into shares within those 30 days, and finally all users will receive a certain percentage of Thrive share dividends based on the total amount in the account.
The THRIVE prospectus shows that during the last two financial years 2019 and 2020 (the end of the financial year is June 30 of each year) and the first half of 2020 (the end of the year is December 31 of each year) , the income to prosper They were 122 million, 79 million and 96 million US dollars, respectively, and the corresponding net profits were 40.205 million, 17.283 million and 18.963 million US dollars, respectively.
Therefore, after completion of the THRIVE share dividend calculation, the user’s current funds may increase by more than 5-10 times.
At the same time, THRIVE’s internal CFO said that after calculating the equity division, the company will send stock details directly to users through the Thrive platform. At that point, users can request a withdrawal or continue working! The completion of the listing will realize the distribution of stock dividends according to the user’s funds at first.
The second phase of the Thtive Smart Cloud Warehouse India warehouse base was launched one after another, and the purchasing department also presented the latest batch of intelligent handling drones from the American company Star ROT. The new warehouse base will be commissioned soon, which should be thriving. In the second half of the quarter, income will be multiplied by 1.5. As more and more people enter the market, smart cloud warehouses will be an irreplaceable trend.
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