Haoxi Health Technology, which provides online marketing solutions in China, filed on Friday with the SEC to raise up to $14 million in an initial public offering.
The Beijing, China-based company plans to raise $14 million by offering 3 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Haoxi Health Technology would command a market value of $146 million.
Haoxi provides customized marketing solutions by planning, producing, placing, and optimizing online short video ads to help its advertiser customers acquire, convert, and retain ultimate consumers on various online media platforms. The company has served approximately 2,000 advertisers since its incorporation in 2018, the majority of which are healthcare companies.
Haoxi Health Technology was founded in 2018 and booked $18 million in revenue for the 12 months ended December 31, 2022. It plans to list on the Nasdaq under the symbol HAO. Haoxi Health Technology filed confidentially on February 15, 2023. EF Hutton is the sole bookrunner on the deal.
