|Over a quarter ago|
Quhuo to acquire 54.22% of Lalai for RMB133M » 06:5410/1310/13/20
Quhuo announced that it…
Quhuo announced that it has entered into a definitive investment agreement to acquire a 54.22% equity interest in Lailai Information Technology, an on-demand workforce platform that specializes in housekeeping solutions for hotels and B&Bs, for a total consideration of approximately RMB133.0M in the form of cash and the Company's securities in aggregate. According to the Agreement, the Company agreed to issue 1,357,759 Class A ordinary shares of the Company to the selling shareholders of Lailai under a private placement pursuant to an exemption or exclusion from the registration requirements under the Securities Act of 1933. The Consideration Shares will be subject to relevant restrictions on transfer. The Company has agreed to repurchase the Consideration Shares or pay the balance of the resale price if the resale price of the Consideration Shares falls below an indicative minimum price within a certain period after the transfer restrictions expire. The parties expect to close the transaction in October, subject to the relevant corporate approvals and customary closing conditions.
Fly Intel: Top five analyst initiations » 10:1408/0408/04/20
QH, PSTX, KEYS, IVA, PBA
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Quhuo (QH) initiated with a Buy at Roth Capital. 2. Poseida Therapeutics (PSTX) was initiated with a Buy at BofA, an Overweight at Piper Sandler, and an Outperform at William Blair. 3. Keysight Technologies (KEYS) initiated with a Buy at Edward Jones. 4. Inventiva (IVA) was initiated with a Buy at Stifel and Guggenheim. 5. Pembina Pipeline (PBA) initiated with a Hold at Jefferies. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
Quhuo initiated with a Buy at Roth Capital » 06:0308/0408/04/20
Roth Capital analyst…
Roth Capital analyst Darren Aftahi initiated coverage of Quhuo with a Buy rating and $18 price target. The company is well positioned to benefit from the continued rise and adoption of consumer based on-demand services, especially food delivery, Aftahi tells investors in a research note. Further, Quhuo's "agnostic" workforce operational solutions management platform gives it flexibility to expand well beyond its dominant food delivery vertical, offering investors exposure to a "high growth, profitable and scalable investment opportunity," says the anlayst.
Opening Day: Cancer 'killer' Nkarta soars after coming public » 08:5707/1207/12/20
BLCT, NKTX, QH, PSTX, RXT, NCNO, GOCO
China's biggest gay…
Quhuo opens at $15.31, IPO priced at $10 per share » 11:1307/1007/10/20
Quhuo, a tech-enabled…
Quhuo, a tech-enabled workforce operational solution platform in China, priced its upsized initial public offering of 3.3M American depositary shares, or "ADSs," at $10.00 per ADS. Roth Capital Partners and Valuable Capital Limited acted as joint bookrunners for the offering and Tiger Brokers Limited acted as co-manager for the offering.