QUHUO Ltd

QUHUO Ltd (QH) priced its initial public offering on Jul 10, 2020, raising $33M, and listed on Nasdaq Global Market. Roth Capital was lead-left underwriter, joined by Valuable Capital and US Tiger. Wilson Sonsini, Maples and Calder and Commerce & Finance advised the company and Latham & Watkins and Tian Yuan advised the underwriters.

QUHUO Ltd provides tech-enabled, end-to-end operational solutions in China to on-demand consumer service businesses such as food delivery, ride-hailing, housekeeping and bike-sharing, linking those businesses with the workers who deliver goods and services to consumers. It reports ranking first in the on-demand food delivery solution market by orders and revenue in 2019.

Status

IPO

Ticker

QH

Exchange

Nasdaq Global Market

Priced

Jul 10, 2020

Raised

$33M

First filed

Jun 4, 2020

Underwriters

Roth Capital, Valuable Capital and US Tiger

Company counsel

Wilson Sonsini, Maples and Calder and Commerce & Finance

Underwriters' counsel

Latham & Watkins and Tian Yuan

Sector

Business services