Qilian International Holding, a Chinese producer of traditional medicines, chemicals, and fertilizers, raised $25 million by offering 5 million shares at $5, the low end of the range of $5 to $7. The company had previously planned to offer 4 million shares at the same range before upsizing the offering last August. At pricing, the company commands a market value of $175 million.
Qilian International Holding plans to list on the Nasdaq under the symbol QLI. Univest Securities acted as lead manager on the deal.
