Quhuo Limited (QH) plans to raise $27 million in an initial public offering on Friday, July 10th, IPO Scoop reports. The company will issue 2,700,000 shares at $9.00-$11.00 per share.

In the last 12 months, Quhuo Limited generated $295.3 million in revenue and had a net loss of $1.9 million.

Roth Capital Partners, VALUABLE CAPITAL LIMITED and Tiger Brokers acted as the underwriters for the IPO.

Quhuo Limited provided the following description of their company for its IPO: “We were the largest workforce operational solution platform in China as measured by the number of average monthly active workers in 2019, according to the F&S report. We provide tech-enabled, end-to-end operational solutions to blue-chip on-demand consumer service businesses in industries with significant e-commerce exposure, including food delivery, ride-hailing, housekeeping and bike-sharing. In 2019, we ranked No.1 in the on-demand food delivery solution market in terms of both the number of delivery orders and revenue, with a market share exceeding that of the next top four market players combined in terms of both the number of delivery orders and revenue, according to the F&S report. Within the on-demand consumer service ecosystem, we play a unique and indispensable role as the link between consumer service businesses and the end consumers to enable the delivery of goods, services and experiences to consumers. “.

Quhuo Limited was founded in 2012 and has 551 employees. The company is located at 3rd Floor, Block D, Tonghui Building, No. 1132 Huihe South Street, Chaoyang District, Beijing, People’s Republic of China and can be reached via phone at (+86-10) 5338 4963 or on the web at http://www.quhuo.cn.

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