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Chinese amusement park operator Golden Heaven Group Holdings files for a $35 million US IPO

November 4, 2022
GDHG

Golden Heaven Group Holdings, which operates six amusement and water parks across southern China, filed on Friday with the SEC to raise up to $35 million in an initial public offering.

Through its Chinese operating entities, Golden Heaven Group manages and operates six amusement parks, water parks, and complementary recreational facilities across the south of China. The company's parks collectively contain 159 rides and attractions, and during the FY21, guest visits totaled 2.4 million.

The Nanping, China-based company was founded in 2008 and booked $39 million in revenue for the 12 months ended March 31, 2022. It plans to list on the Nasdaq under the symbol GDHG. Golden Heaven Group Holdings filed confidentially on June 22, 2022. Revere Securities is the sole bookrunner on the deal. No pricing terms were disclosed.