Tony Fun, Inc. (TONY)

Tony Fun will go public soon, but the exact IPO date is still unknown.
IPO Price Range
$7.00 - $7.50
Shares Offered
4,177,500
Deal Size
$30.29M

Company Description

Tony Fun is redeveloping properties into innovative retail shopping malls that strategically rethink the types of stores to which consumers will respond.

We focus our tenant mix to emphasize consumer experience. While we believe anchor tenants, such as supermarkets, that drive traffic are still key, we also see a new emphasis on a curated mix of smaller and independent specialty stores that add a sense of novelty to the shopping experience.

We incorporate value-added elements that attempt to recast the mall as a life-style center, including, arts centers, arcades, cosplay of counter strike, ghost houses, childcare, education learning, multi-brands beauty shops, food courts, marketplace and fashion spas.

These services provide an experience of leisure and entertainment that online shopping cannot provide.

Pop-up stores, showroom spaces and kiosks provide customers with a sense of the unexpected and give them a reason to treasure hunt.

We believe shopping malls in China are transitioning from consumer places that only sell things to platforms that provide experiences.

Our main tenant targets are young entrepreneurs and small retails shop owners that have sound business ideas, but lack experience and are in need of training and consulting services to improve their operational viability.

To help offset this issue we have initiated a program to train tenants, a program that we refer to as incubation training.

We train our tenants in such disciplines as customer service, sales, store display, procurements, management and marketing.

Our management focuses on expanding our business in Tier 2, Tier 3 and Tier 4 cities, with a primary emphasis on Tier 3 and 4 cities in China.

Tony Fun, Inc.
Country China
Founded 2012
Industry REIT - Retail
Sector Real Estate
CEO Zhiqiang Han

Contact Details

Address:
555 Taishan Street
Tai’an City, Shandong Province 271000
China
Website tonyfun.com

Stock Details

Ticker Symbol TONY
Exchange NASDAQ
Reporting Currency USD
CIK Code 0001735532
SIC Code 6500