iHuman Inc., a childhood edutainment company in China, has filed Amendment No 2 Form F-1 Registration Statement on October 5, 2020 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $84 million by offering 7 million shares at the price range of $11 to $13. Assuming a successful IPO at the midpoint of the proposed range, the company expects a market capitalization of $649 million. The company provides integrated and innovative products and services catering to the education demands for children mainly aged between three and eight.
The Beijing, China-based company was founded in 2016 and booked $46 million in revenue for the 12 months ended June 30, 2020. It plans to list on the NYSE under the symbol “IH.” Credit Suisse, Citi and Tiger Brokers are underwriters of the IPO.
The company engages Skadden, Arps, Slate, Meagher & Flom LLP as US Securities Counsel, and Ernst & Young Hua Ming LLP as Independent Auditor.
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