ECMOHO, an online retailer selling health and wellness products in China, announced terms for its IPO on Friday.
The Shanghai, China-based company plans to raise $48 million by offering 4.4 million ADSs at a price range of $10 to $12. At the midpoint of the proposed range, ECMOHO would command a market value of $376 million and an enterprise value of $369 million. The company originally filed in September with a $150 million deal size.
ECMOHO was founded in 2011 and booked $279 million in sales for the 12 months ended June 30, 2019. It plans to list on the Nasdaq under the symbol MOHO. It had been on our Private Company Watchlist since August 2019. UBS Investment Bank, CICC and AMTD Global Markets are the joint bookrunners on the deal.
