Renaissance Capital logo

QinHong International Group Withdrawn, Nasdaq: QHI

Provides financing and factoring-related services for SMEs in China.

Industry: Financials

Latest Trade: ()

First Day Return:

Return from IPO:

Industry: Financials

QinHong International Group is a holding company incorporated in the Cayman Islands. As a holding company with no material operations of its own, our Cayman Islands holding company conducts a substantial majority of its operations through its operating entities established in the PRC, including its variable interest entities (or VIEs). Cayman Islands holding company controls and receives the economic benefits of its VIEs’ business operations through certain contractual arrangements. We are an emerging provider of financial facilitation and referral services in Sichuan Province, People’s Republic of China (which we refer to herein as the PRC or China) with operations conducted through two VIEs. We offer our clients, primarily small-to-medium enterprises (or SMEs) and financial institutions, a variety of services in connection with the monetization of negotiable instruments, accounts receivable and other rights to payment, all of which we collectively refer to as RTPs. Our VIEs commenced operations in July 2017 and have since built a network of SMEs, commercial banks, factoring companies and other financial and non-financial institutions which enables us to effectively and efficiently help our SME clients to obtain greater cash flows at lower costs through disposition of their RTPs and assist our financial institution clients in finding diversified investment opportunities with attractive returns by referring to them SMEs with RTP financing requirements.
more less
IPO Data
IPO File Date 01/06/2022
Offer Price
Price Range $4.00 - $4.50
Offer Shares (mm) 3.8
Deal Size ($mm) $16
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range $4.00 - $4.50
Offer Shares (mm) 3.8
Deal Size ($mm) $16
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
The Benchmark Company
Axiom Capital Management
Company Data
Headquarters Chengdu, China
Founded 2017
Employees 11
Website www.iqinhong.com

QinHong International Group (QHI) Performance