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    趣活在纳斯达克上市 市值3300万美金

    Chinese tech-enabled workforce operational solution platform Quhuo Limitedhas commanded a market value of $456 million after the company raised $33million in an initial public offering (IPO) on the Nasdaq Global Market on July10.

    Beijing-based Quhuo offered 3.3 million American depositary shares (ADSs) ata price of $10 apiece, the midpoint of the proposed range between $9 and$11. Its shares surged 109 per cent to reach a peak of $20.90 and thenstabilised at the closing price of $12.77 on the debut date.

    The company plans to spruce up the development of the workforce managementplatform and also expand its marketing network.

    Quhuo, which was co-founded by former DHL’s executives Leslie You Yang, Yang Shuyi and Ba Zhen in 2012, provides tech-driven and end-to-end services to consumer service brands.

    It leverages freelancing workers to support efficient services for sectorssuch as food delivery, ride-hailing, bike-sharing and housekeeping across 73cities. It counts a portfolio of Chinese giants as top clients including Meituan, Alibaba’s Ele.me, Mobike, Didi, among others.

    Revenues from food delivery business accounting for over 98 per cent ofannual earnings for the third year in a row. During the same period, Quhuogenerated annual revenue of 655 million ($94 million), 1.48 billion yuan ($211million) and 2.01 billion yuan ($294 million), respectively. It also recorded net losses of 13.4 million yuan ($1.9 million) in 2019 and 11.1 million yuan($1.6 million) for the first quarter of 2020. 

    Following the IPO, Chinese search engine giant Baidu will remain the largestexternal shareholder with 11.46 per cent stake and 4.56 per cent voting right,while Japanese SoftBank China Capital (SBCVC) and ClearVue will hold 11.24 percent and 6.97 per cent interest respectively.

    Baidu and SBCVC had collectively infused ‘tens of millions of USD dollars’ inQuhuo’s Series B round of financing in 2014. Besides, SBCVC had also participated in its Series A and C rounds.

    Quhuo’s prominent backers also include Taiwan CDFH’s cross-border investment arm CDIB Venture Capital, Zhongnan Group, Fusi Capital, Long Capital, iStart Venture Capital, and PreAngel. 

    Shares of Quhuo are listed under the symbol “QH.” Roth Capital, Valuable Capital, and Tiger Brokers served as the joint underwriters for the deal.

    Chinese tech-enabled workforce operational solution platform Quhuo Limited

    has commanded a market value of $456 million after the company raised $33

    million in an initial public offering (IPO) on the Nasdaq Global Market on July

    10.

     

    Beijing-based Quhuo offered 3.3 million American depositary shares (ADSs) at

    a price of $10 apiece, the midpoint of the proposed range between $9 and

    $11. Its shares surged 109 per cent to reach a peak of $20.90 and then

    stabilised at the closing price of $12.77 on the debut date.

     

    The company plans to spruce up the development of the workforce management

    platform and also expand its marketing network.

     

    Quhuo, which was co-founded by former DHL’s executives Leslie You Yang, Yang

    Shuyi and Ba Zhen in 2012, provides tech-driven and end-to-end services to

    consumer service brands.

     

    It leverages freelancing workers to support efficient services for sectors

    such as food delivery, ride-hailing, bike-sharing and housekeeping across 73

    cities. It counts a portfolio of Chinese giants as top clients including

    Meituan, Alibaba’s Ele.me, Mobike, Didi, among others.

     

    Revenues from food delivery business accounting for over 98 per cent of

    annual earnings for the third year in a row. During the same period, Quhuo

    generated annual revenue of 655 million ($94 million), 1.48 billion yuan ($211

    million) and 2.01 billion yuan ($294 million), respectively. It also recorded

    net losses of 13.4 million yuan ($1.9 million) in 2019 and 11.1 million yuan

    ($1.6 million) for the first quarter of 2020. 

     

    Following the IPO, Chinese search engine giant Baidu will remain the largest

    external shareholder with 11.46 per cent stake and 4.56 per cent voting right,

    while Japanese SoftBank China Capital (SBCVC) and ClearVue will hold 11.24 per

    cent and 6.97 per cent interest respectively.

     

    Baidu and SBCVC had collectively infused ‘tens of millions of USD dollars’ in

    Quhuo’s Series B round of financing in 2014. Besides, SBCVC had also

    participated in its Series A and C rounds.

     

    Quhuo’s prominent backers also include Tai