Qiniu Limited, which provides a cloud services platform for media and data applications in China, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
Qiniu provides end-to-end media cloud and analytics solutions as well as machine data analytics solutions. Its main platforms include its Media Platform-as-a-Service, which offers data collection, storage, distribution, interactive live streaming, and cloud based data analytics, and its Data Platform-as-a-Service, which equips clients in various industries with machine data collection, indexing, ingestion, analytics, and application. As of December 31, 2020, the company had over 63,000 customers.
The Shanghai, China-based company was founded in 2011 and booked $174 million in sales for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol QNIU. BofA Securities, UBS Investment Bank, Jefferies, Bocom International, Futu Securities and Tiger Brokers are the joint bookrunners on the deal. No pricing terms were disclosed.
