Greentree 188bet sports betting has made new progress in its sprint for IPO。March 6，As informed，The 188bet sports betting chain GreenTree Inn has submitted its prospectus，Plans to be listed in New York, USA in the second quarter of this year。Prospectus display，GreenTree’s 2017 revenue 7.7.8 billion yuan，2016 revenue 6.4.7 billion yuan，2015 revenue 6.3.4 billion yuan。

Among them，GreenTree Inn’s 188bet sports betting rental and operating revenue in the fourth quarter of 2017 was 1.8.9 billion yuan，Franchised 188bet sports betting revenue is 5.3.5 billion yuan。Greentree Inn’s total costs and expenses in 2017 were 4.0.5 billion yuan，Operating profit reached 3.8.7 billion yuan，Operating profit margin reaches 50%，Net profit attributable to shareholders is 2.8.5 billion yuan。

There was news as early as November last year，Chinese-owned 188bet sports betting operator GreenTree Inn launches initial public offering (IPO) project in New York，Planned to raise up to US0 million。GreenTree has hired Morgan, an international financial services company established in New York, USAStanley and Merrill of Financial Management ConsultingLynch participated in the preparations，Estimated to be available in the second quarter of 2018，The listing plan is to cooperate with the further expansion of the group。In fact，In 2011，Greentree plans to IPO in the United States，To be raised about 1.USD 500 million，But it has never been successful。

It’s worth noting，This sprint IPO，GreenTree Chairman Xu Shuguang will hold all shares。Data display，GreenTree 188bet sports betting Management Group was founded in 2004，Is a large-scale professional 188bet sports betting management group，It owns Green Oriental 188bet sports betting、Gemei 188bet sports betting、Gaya 188bet sports betting、Geffy 188bet sports betting、GreenTree Inn 188bet sports betting、Green Alliance 188bet sports betting、8 brands and multiple sub-brands including Vatica 188bet sports betting and Shell 188bet sports betting。

Public data display，As of December 31, 2017，GreenTree Inn has 2289 hotels in total，Covering 263 cities at home and abroad，Satisfying customers from affordable to high-end、Various personalized needs from business travel to leisure vacation。Also，April 8 last year，Greentree Group and overseas private equity funds jointly inject capital 1.500 million yuan invested in Yibai 188bet sports betting Group。

*Source of this article: Beijing Business Daily，Author：Xu Hui, Wang Yingying，Original title: "188bet sports betting is heading to the United States for IPO》.