Sentage Holdings Inc, a growing financial service provider, has filed Form F-1 Registration Statement on March 22, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $22 million by offering 4 million shares at a price range of $5 to $6h. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $77 million.
The company offers a comprehensive range of financial services across consumer loan repayment and collection management, loan recommendation, and prepaid payment network services in China.
The Shanghai, China-based company was founded in 2009 and booked $4 million in revenue for the 12 months ended June 30, 2020. It plans to list on the Nasdaq Capital Market under the symbol “SNTG.” Network 1 Financial Securities is underwriter of the IPO.
The company engages Hunter Taubman Fischer & Li LLC as US Securities Counsel, and Friedman LLP Independent Auditor.
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