Its 12 stores are located across six provinces and municipalities in China: Beijing, Tianjin, Shandong, Sichuan, Zhejiang, and Guangdong. These municipalities were among the top ten provincial-level regions in China in terms of the number of high-net-worth individuals in 20201.
BetterLife is ranked sixth among all ultra-luxury brand automobile dealership service providers in China with a market share of approximately 4 percent in 20201.
As the sole sponsor, Macquarie worked closely with the Hong Kong Stock Exchange to complete the initial vetting process and successfully listed the company despite challenging market conditions.
Macquarie facilitated extensive briefings covering institutional investors across China, Hong Kong, Singapore, and London. These briefings focused on increasing market awareness of BetterLife and its growth story.
Leveraging our strong sales platform, Macquarie secured a sizeable anchor order with a reputable global long-only investor. We also brought in anchor demands from high-profile hedge funds, private banks and family offices that created significant momentum in the bookbuild process.