Sentage Holdings, which provides consumer loan collection, recommendation, and payment services in China, raised $20 million by offering 4.0 million shares at $5, the low end of the range of $5 to $6. At the $5 offer price, Sentage commands a market value of $70 million.
The Shanghai, China-based plans to list on the Nasdaq under the symbol SNTG. Network 1 Financial Securities acted as sole bookrunner on the deal.
