Lucas GC, which operates a human capital management platform in China, filed on Tuesday with the SEC to raise up to $21 million in an initial public offering.
Initially focused as a recruitment assistance company, Lucas GC has since expanded to offer one of the first AI+ recruitment platforms in China. The company currently operates two platforms, Columbus and Star Career, which provide recruitment services, outsourcing services, and other services such as information technology services and training services. As of June 30, 2022, Lucas GC had a total of 382,650 active registered users.
The Beijing, China-based company was founded in 2011 and booked $101 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol LGCL. The Benchmark Company and Valuable Capital are the joint bookrunners on the deal. No pricing terms were disclosed.
