Keep (also Beijing Calorie Technology Co., Ltd.), a leading sports tech company, has debuted on HKEX at an opening price of HK$30.3 (US$ 3.87, 27.7 yuan), a market cap of HK$15.9 billion.
Keep’s IPO involved a cornerstone investment of HK$76.5 million with three investors including Fenda Technology.
Since its inception in 2015, Keep has evolved from providing online fitness information to offering a comprehensive fitness solution, including consumer products, advertising, memberships, and more. Over the past three years, revenue has grown from 1.1 billion yuan (US$150 million) to 2.2 billion yuan. In Q1, losses fell and revenue rose.
