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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