Loha, an organic food distributor in China, announced terms for its IPO on Friday. In its latest filing, the company also added Tiger Brokers, Valuable Capital, and Prime Number Capital as underwriters, and selected the Nasdaq as its listing exchange.
The Shenzhen, China-based company plans to raise $26 million by offering 4.3 million shares at a price range of $5 to $7. At the midpoint of the proposed range, Loha would command a market value of $354 million.
Loha was founded in 2013 and booked $105 million in revenue for the 12 months ended September 30, 2019. It plans to list on the Nasdaq under the symbol LOHA. Maxim Group LLC, Tiger Brokers, Valuable Capital, and Prime Number Capital are the joint bookrunners on the deal.
