QinHong International Group, a provider of financial facilitation and referral services, has filed Form F-1 Registration Statement on January 6, 2022 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $15 million by offering 3.8 million shares at a price of $4. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $50 million.
The company offers clients, primarily SMEs and financial institutions, a variety of services in connection with the monetization of RTPs. commenced operations in July 2017 and have since built a network of SMEs, commercial banks, factoring companies and other financial institutions.
The Chengdu, China-based company was founded in 2017 and booked $2 million in revenue for the 12 months ended June 30, 2021. It plans to list on the Nasdaq under the symbol “QHI.” The Benchmark Company and Axiom Capital Management are the underwriters of the IPO.
The company engages Ellenoff Grossman & Schole LLP as US Securities Counsel, and Wei, Wei & Co., LLP as Independent Auditor.
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