QH News

Three biotechs, two Chinese issuers, and one SPAC went public this past week, led by preclinical oncology biotech Nkarta (NKTX), which popped 166% in the best first-day return for a $10+ million IPO since 2015. Some major news hit the IPO pipeline this week. Long-awaited IPO candidate Postmates chose to be acquired by Uber, secretive data...read more

Quhuo, which provides a gig worker staffing platform for consumer services apps in China, raised $33 million by offering 3.3 million ADSs at $10, within the range of $9 to $11.  The company sold 0.6 million more ADSs than originally anticipated (+22%). SB China Capital indicated on $2 million of the IPO (6%). At IPO, Quhuo commands a market value of $456 million and...read more

Updated Monday, 7/6. Following the long weekend, two Chinese IPOs, two biotechs, and a SPAC are currently scheduled to list in the US in the week ahead, inlcuding China’s largest LGBTQ dating app BlueCity (BLCT). More deals could join the IPO calendar, based on a flurry of filing activity in June, including health insurance marketplace...read more

Quhuo, which provides workforce operations solutions for consumer service platforms in China, announced terms for its IPO on Tuesday. The Beijing, China-based company plans to raise $27 million by offering 2.7 million ADSs at a price range of $9 to $11. Insider SB China Capital intends to purchase $2 million worth of ADSs in the offering. At the midpoint of the proposed range,...read more