Golden Heaven Group Holdings, which operates six amusement and water parks across southern China, raised $7 million by offering 1.75 million shares at $4, the low end of the range of $4 to $5. The company offered 0.25 million fewer shares than anticipated. It originally planned to offer 6 million shares before lowering the terms in March.
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 139 rides and attractions, and during the FY22, guest visits totaled 2.4 million.
Golden Heaven Group Holdings plans to list on the Nasdaq under the symbol GDHG. Revere Securities and R.F. Lafferty & Co. acted as joint bookrunners on the deal.
