Iheima has raised $27.3m in its initial public offering, becoming the first incubator to float in China and providing an exit to corporate investors Toread and Youyou.
Iheima, a China-based incubator and media business backed by outdoor accessories manufacturer Toread Holdings and internet company Youyou, has completed a RMB182m ($27.3m) initial public offering, China Money Network reported today.
Iheima floated on the ChiNext board, which is operated by Shenzhen Stock Exchange and aimed at fast-growing technology businesses. The company issued 17 million shares priced at RMB10.75 each.
Founded in 2011, Iheima offers a full range of services for startups, such as entrepreneurship coaching, public relations promotion and…
