Baosheng Media Group Holdings Ltd

Baosheng Media Group Holdings Ltd (BAOS) priced its initial public offering on Feb 9, 2021 at $5.00 per share, raising $30M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $132M. Hunter Taubman Fischer & Li, Maples and Calder, Dentons and Ortoli Rosenstadt advised the company.

Baosheng Media Group Holdings Ltd is an online marketing solution provider in China that advises advertisers on strategy and optimizes and deploys online ads, including search, in-feed, mobile app and social media ads. It is an authorized agency for media such as Sogou, Shenma and Kuaishou Video.

Status

IPO

Ticker

BAOS

Exchange

Nasdaq Capital Market

Priced

Feb 9, 2021

IPO price

$5.00

Raised

$30M

Market cap at IPO price

$132M

First filed

Jul 10, 2020

Company counsel

Hunter Taubman Fischer & Li, Maples and Calder, Dentons and Ortoli Rosenstadt

Sector

Business services

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.