Global Internet of People, Inc. Announces Pricing of $26.88 Million Dollar Underwritten IPO
February 09 2021 - 10:53AM
Global Internet of People, Inc. (“SDH” or the “Company”) (NASDAQ:
SDH), an operator of a knowledge sharing and enterprise service
platform via mobile application and through local centers in China,
today announced the pricing of its initial public offering of
6,720,000, ordinary shares at a public offering price of $4.00 per
ordinary share, for total gross proceeds of $26,880,000 before
deducting underwriting discounts and commissions and offering
expenses. The offering is being conducted on a firm commitment
basis. The ordinary shares have been approved for listing on The
Nasdaq Capital Market and are expected to commence trading on
NASDAQ between 12:15 PM and 12:30 PM, February 9, 2021, under the
ticker symbol “SDH.”
The Company has granted the underwriters an
option, exercisable within 45 days from the date of the
underwriting agreement, to purchase up to an additional 1,008,000
shares at the public offering price, less underwriting discounts,
and commissions.
The offering is expected to close on February
11, 2021, subject to customary closing conditions.
ViewTrade Securities, Inc., a global provider of brokerage,
investment banking, corporate /advisory and trading platform
services, acted as sole book-running manager for the offering,
National Securities Corporation acted as Co-Underwriter.
Hunter Taubman Fischer & Li LLC is acting as
counsel to the Company. Ellenoff Grossman & Schole LLP is
acting as counsel to the underwriters with respect to this
offering.
Registration statements on Form F-1 (File Nos. 333-233745 and
333-252879) relating to the offering were filed with the Securities
and Exchange Commission (“SEC”) and were declared effective by the
SEC on February 5, 2021 and February 9, 2021, respectively. The
offering is being made only by means of a prospectus, forming a
part of the registration statement. Copies of the prospectus
related to the offering are available, via the SEC's website at
www.sec.gov, from ViewTrade Securities, Inc. by email at
IB@viewtrade.com. Or via standard mail to ViewTrade Securities,
Inc. 7280 W. Palmetto Park Road, Suite 310, Boca Raton, Florida
33433.
Before you invest, you should read the final
prospectus and other documents the Company has filed or will file
with the SEC for more complete information about the Company and
the offering. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy the securities
described herein, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
About Global Internet of People,
Inc.
Headquartered in Beijing and Shanghai, Global
Internet of People, Inc. operates an online knowledge sharing and
enterprise service platform, both online, via a mobile application
“Shidonghui App” (the “APP”), and offline, through local offices in
Beijing, Shanghai and Hangzhou, as well as 51 local centers
operated by some of the Company’s members in 35 cities throughout
the PRC. The main services SDH offers to App users are (1)
Questions and Answers Sessions and (2) streaming of audio and video
courses and programs. The offline services SDH offers to its
members are study tours and forums. For more information about the
Company, please visit: www.sdh365.com.
For more information, please contact:
The Company:IR DepartmentEmail: IR@sdh365.com
Investor Relations:Janice Wang EverGreen
Consulting Inc. Email: IR@changqingconsulting.comPhone:
+1-908-510-2351 (from U.S.)
+86 13811768559 (from China)
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