Golden Heaven Group Holdings, which operates six amusement and water parks across southern China, announced terms for its IPO on Friday. In its latest filing, the company also disclosed financials for the fiscal year ended September 30, 2022, and added R.F. Lafferty & Co. as an underwriter.
The Nanping, China-based company plans to raise $27 million by offering 6 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Golden Heaven Group Holdings would command a market value of $252 million.
Through its Chinese operating entities, Golden Heaven Group manages and operates six amusement parks, water parks, and complementary recreational facilities across the south of China. The company's parks collectively contain 139 rides and attractions, and during the FY22, guest visits totaled 2.4 million.
Golden Heaven Group Holdings was founded in 2008 and booked $42 million in revenue for the 12 months ended September 30, 2022. It plans to list on the Nasdaq under the symbol GDHG. Revere Securities and R.F. Lafferty & Co. are the joint bookrunners on the deal.
