Sancai Holding Group Ltd, a real estate services provider in China, has filed Form F-1 Registration Statement on September 4, 2020 with U.S Securities and Exchange Commission to raise up to $30 million IPO. Pricing terms are yet to announce.
The company launch SanCaiJia, its Software-as-a-Service (SAAS) solution in July 2019. They provide enterprise resource planning software and a vibrant ecosystem and self-reinforcing platform for landlords, property management agents, real estate brokers, and household service providers, that simplify and automates complex back-office operations.
The Xi'an, China-based company was founded in 2017 and booked $19 million in revenue for the 12 months ended March 31, 2020. It plans to list on the Nasdaq Capital Market under the symbol “SCIT.” Univest Securities is the underwriter of the IPO.
The company engages Ortoli Rosenstadt LLP as US Securities Counsel and WWC.P.C. as Independent Auditor.
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