Blue-Touch Holdings Group, a Chinese maker of baby skincare products, toiletries, and cleaning products, filed on Friday with the SEC to raise up to $24 million in an initial public offering.
Through its operating entity Fujian Blue-Touch Technology, the company principally engages in designing, developing, and selling baby skincare products and toiletries, as well as household cleaning products under the Blue-Touch brand. In 2021, the company worked with five third-party manufacturers located in the south of China, and collaborated with seventeen offline distributors located throughout China.
The Fuzhou, China-based company was founded in 2014 and booked $7 million in revenue for the 12 months ended December 31, 2021. It plans to list on the Nasdaq but has not selected a symbol yet (RC ticker: BTHG.RC). Univest Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
