E-Home Household Service Holdings, which provides housekeeping and home appliance services in China, amended its filing with the SEC for an initial public offering. The company originally filed for an IPO on a min-max, best-efforts basis, but now plans to offer shares on a firm commitment basis; as such, Renaissance Capital will track the deal and it will be included in our IPO stats.
The Fuzhou, China-based company plans to raise $25 million by offering 5.6 million shares at a price of $4.50. It previously filed to raise $16-$28 million by offering 3.6 to 6.2 million shares at $4.50 per share. At the proposed offer price and deal size, E-Home Household Service would command a market value of $151 million.
The Fuzhou, China-based company was founded in 2014 and booked $58 million in sales for the 12 months ended December 31, 2019. It plans to list on the Nasdaq under the symbol EJH. Joseph Stone Capital is the sole bookrunner on the deal.
