Qilian International Holding, a Chinese producer of traditional medicine, chemicals, and fertilizers, filed on Monday with the SEC to raise $24 million in an initial public offering.
The Jiuquan, China-based company plans to raise $24 million by offering 4 million shares at a price range of $5 to $7. At the midpoint of the proposed range, Qilian International Holding would command a market value of $204 million.
The company was founded in 2006 and booked $52 million in sales for the 12 months ended March 31, 2019. It plans to list on the NYSE under the symbol QLI. Qilian International Holding filed confidentially on June 17, 2019. Univest Securities is the sole bookrunner on the deal.
