Cornerstone Management, a China-based private equity fund manager, announced terms for its IPO on Friday.
The Guangzhou, China-based company plans to raise $20 million by offering 5 million shares at a price range of $4 to $4. At the midpoint of the proposed range, Cornerstone Management would command a fully diluted market value of $614 million.
Cornerstone Management was founded in 2015 and booked $26 million in revenue for the 12 months ended June 30, 2018. It plans to list on the Nasdaq under the symbol CSCA. ViewTrade is the sole bookrunner on the deal.
