IPO Terms: 

 

Company: Quhuo Limited
Proposed Symbol: QH
Exchange: Nasdaq Global
Expected IPO Date: 7/10/20
CEO: Leslie Yu
# of employees (as of 12/31/19): 551
Offer Amount: $34.1 mm
Proposed Share Price Range: $9-$11
Shares Offered: $2.7 mm

 

Prospectus Summary (S-1): 

“Our mission is to enable on-demand consumer service companies to do better business and individuals on our platform to create better lives.”

 

Underwriting Information: 

Lead Underwriter(s): Roth Capital Partners, Valuable Capital Ltd, Tiger Brokers (NZ) Ltd.
Shares Over Allotted: 405,000

 

Notes:

  • leading provider of on-demand consumer solutions in China
  • business model aims to provide solutions in a range of workforce services
  • generates most of its revenue from tech solutions
  • Quhuo developed its own tech platform that allows workers in management positions to monitor and better understand their workers.
  • Quhou was named the No. 1 in the shared-bike maintenance solution market using its proprietary platform
  • Heavy emphasis on long lasting relationships/partnerships with other companies- Meitmuan and Ele.me, customers of Quhuou for the past 4 years, collectively comprised 90% of Quhuou’s revenue in 2019

 

2019 Revenue/Profit:

Revenue: $295 mm
Cost Of Revenue: $271. 9 mm
Gross Profit: $23.1 mm

 

Current Financial Status: 

Cash: $18.2 mm
Total Assets: $74.9 mm
Total Liabilities: $64.9 mm