3 Firms Guide Chinese Gig-Worker Platform's $33M US IPO

Law360 (July 10, 2020, 4:25 PM EDT) -- Chinese gig-worker platform Quhuo started trading Friday after raising $33 million in an upsized initial public offering steered by Wilson Sonsini, Maples and Calder and Commerce & Finance Law Offices.

Beijing-based Quhuo Ltd. said Friday it priced 3.3 million American depositary shares at $10 apiece, a larger offering than its earlier plan to sell 2.7 million American depositary shares. The ADSs also began trading on the Nasdaq Global Market on Friday, where they opened at $15.31 and are trading under the symbol QH. Each ADS represents one share of Class A common stock.

Quhuo is headquartered in Beijing and registered in...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!