Chinese health and wellness retailer ECMOHO sets terms for $48M US IPO

ECMOHO, an online retailer selling health and wellness products in China, announced terms for its IPO on Friday.

The Shanghai, China-based company plans to raise $48 million by offering 4.4 million ADS’s at a price range of $10 to $12. At the midpoint of the proposed range, ECMOHO would command a market value of $376 million and an enterprise value of $369 million.

ECMOHO was founded in 2011 and booked $279 million in sales for the 12 months ended June 30, 2019. It plans to list on the Nasdaq under the symbol MOHO. It had been on our Private Company Watchlist since August 2019. UBS Investment Bank, CICC and AMTD Global Markets are the joint bookrunners on the deal.

Relevant Profile: MOHO

https://www.renaissancecapital.com/IPO-Center/News/65809/Chinese-health-and-wellness-retailer-ECMOHO-sets-terms-for-$48-million-US-I