Blue-Touch Holdings Group, a Chinese maker of baby skincare products, toiletries, and cleaning products, announced terms for its IPO on Friday. The company originally filed in September 2022.
The Fuzhou, China-based company plans to raise $10 million by offering 2 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Blue-Touch Holdings Group would command a market value of $70 million.
Through its operating entity Fujian Blue-Touch Technology, the company principally engages in designing, developing, and selling baby skincare products and toiletries, as well as household cleaning products under the Blue-Touch brand. In 2023, the company worked with seven third-party manufacturers located in the south of China, and collaborated with 21 distributors located throughout China.
Blue-Touch Holdings Group was founded in 2014 and booked $10 million in revenue for the 12 months ended December 31, 2023. It plans to list on the Nasdaq under the symbol BBCH. Univest Securities is the sole bookrunner on the deal.
