Global Internet of People, an online peer-to-peer knowledge sharing and enterprise service platform in China, raised the proposed deal size for its upcoming IPO on Thursday.
The Beijing, China-based company now plans to raise $28 million by offering 5.6 million shares at $5. The company had previously filed to offer 4.2 million shares at the same price. At $5, Global Internet of People will raise 33% more in proceeds than previously anticipated to command a market value of $112 million.
Global Internet of People was founded in 2014 and booked $18 million in revenue for the 12 months ended December 31, 2019. It plans to list on the Nasdaq under the symbol SDH. ViewTrade is the sole bookrunner on the deal.
