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China-based Quhuo sets IPO terms to raise up to $29.7 million
Quhuo set terms of its initial public offering, in which the China-based workforce services software company looks to raise up to $29.7 million. The company is offering 2.7 million American depositary shares (ADS), representing 2.7 million ordinary shares, and which are expected to price between $9 and $11 per ADS. The shares are expected to list on the Nasdaq exchange under the ticker symbol "QH." Roth Capital Partners and Valuable Capital Ltd. are the lead underwriters. The company recorded a net loss of RMB21.6 million ($3.1 million) on revenue of RMB2.06 billion ($295.3 million) in 2019, after a loss of RMB4.0 million on revenue of RMB1.47 billion in 2018. The company is looking to go public at a time that the Renaissance IPO ETF has climbed 49.4% over the past three months, while the S&P 500 has advanced 16.2%.
https://finance.yahoo.com/m/0b47666...b0f/china-based-quhuo-sets-ipo.html?.tsrc=rss
Quhuo set terms of its initial public offering, in which the China-based workforce services software company looks to raise up to $29.7 million. The company is offering 2.7 million American depositary shares (ADS), representing 2.7 million ordinary shares, and which are expected to price between $9 and $11 per ADS. The shares are expected to list on the Nasdaq exchange under the ticker symbol "QH." Roth Capital Partners and Valuable Capital Ltd. are the lead underwriters. The company recorded a net loss of RMB21.6 million ($3.1 million) on revenue of RMB2.06 billion ($295.3 million) in 2019, after a loss of RMB4.0 million on revenue of RMB1.47 billion in 2018. The company is looking to go public at a time that the Renaissance IPO ETF has climbed 49.4% over the past three months, while the S&P 500 has advanced 16.2%.
https://finance.yahoo.com/m/0b47666...b0f/china-based-quhuo-sets-ipo.html?.tsrc=rss
