Global Internet of People, an online peer-to-peer knowledge sharing and enterprise service platform in China, raised $27 million by offering 6.7 million shares at $4, the low end of the range of $4 to $5. The company offered 1.1 million more shares than anticipated. At pricing, the company commands a market value of $94 million.
Global Internet of People plans to list on the Nasdaq under the symbol SDH. ViewTrade and National Securities acted as lead managers on the deal.
