Chinese e-learning firm iHuman files for US IPO

A child colouring with crayons at a preschool.

E-learning company iHuman Inc filed for a U.S. listing on Tuesday, joining a string of recent initial public offerings by Chinese firms even as tensions between Beijing and Washington escalate.

iHuman, which offers products including games, audio books and e-learning apps, joins other Chinese companies like electric vehicle maker Xpeng Inc, whose shares popped in their U.S. market debut, and voice-chat app Yalla Group Ltd, which has also filed for a U.S. listing.

iHuman plans to use about 35% of proceeds from the offering to expand its products and services, both within China and overseas.

It intends to list its American Depository Shares on the New York Stock Exchange under the symbol “IH”, it said in a regulatory filing https://www.sec.gov/Archives/edgar/data/1814423/000104746920004786/a2242270zf-1.htm#ca72901_prospectus_summary.

Credit Suisse Securities (USA) and Citigroup Global Markets are among the underwriters for the offering.

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.