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Chinese health and wellness retailer ECMOHO prices US IPO at $10 low end

November 8, 2019
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ECMOHO, which operates online stores for health and wellness brands in China, raised $44 million by offering 4.4 million ADSs at $10, the low end of the range of $10 to $12, to command a market value of $342 million. ECMOHO plans to list on the Nasdaq under the symbol MOHO. UBS Investment Bank, CICC, and AMTD Global Markets acted as lead managers on the deal.