Maase Inc.

Maase Inc. (MAAS) priced its initial public offering on Mar 19, 2019 at $6.00 per ADS, raising $24M. At the IPO price its market capitalization was about $360.1M. Sidley Austin, Walkers and GFE Law Office advised the company and Mei & Mark and AllBright advised the underwriters.

Maase Inc. is a third-party wealth management services provider in China, focused on mass affluent and emerging middle class customers. It distributes wealth management products to this population, many of whom otherwise rely on products issued and distributed by commercial banks.

Status

IPO

Ticker

MAAS

Priced

Mar 19, 2019

IPO price

$6.00 per ADS

Raised

$24M

Market cap at IPO price

$360.1M

First filed

Nov 21, 2018

Company counsel

Sidley Austin, Walkers and GFE Law Office

Underwriters' counsel

Mei & Mark and AllBright

Sector

Financials

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