Global Internet of People, an online peer-to-peer knowledge sharing and enterprise service platform in China, widened the range for its upcoming IPO on Friday.
The Beijing, China-based company now plans to raise $25 million by offering 5.6 million shares at a price range of $4 to $5. The company had most recently filed to offer the same number of shares at $5. At the midpoint of the revised range, Global Internet of People will raise -10% less in proceeds than previously anticipated.
Global Internet of People was founded in 2014 and booked $19 million in revenue for the 12 months ended June 30, 2020. It plans to list on the Nasdaq under the symbol SDH. ViewTrade is the sole bookrunner on the deal.
