Gridsum Holding Plans $75 Million IPO for September 23rd (GSUM)
In the last year, Gridsum Holding generated $44.7 million in revenue and had a net loss of $12.1 million. The company has a market-cap of $328.3 million.
Goldman Sachs (Asia) and Citigroup served as the underwriters for the IPO and Stifel was co-manager.
Gridsum Holding provided the following description of their company for its IPO: “Gridsum is a leading provider of sophisticated data analysis software for multinational and domestic enterprises and government agencies in China. Our proprietary distributed data architecture allows our customers to efficiently collect and analyze vast amounts of information that is collected, indexed and stored in an organized manner, or structured data, and information that is not organized, or unstructured data. Our core technology, the Gridsum Big Data Platform, with its machine learning capability, performs multi-dimensional correlation analysis and analyzes complex real-time events. With the support of our Big Data Platform, our customers use our data visualization and data-mining technologies to identify complex relationships within their data and gain new insights that help them make better business decisions. “.
Gridsum Holding was founded in 2005 and has 868 employees. The company is located at Jade Palace Hotel Office Building, 8th Floor 76 Zhichun Road Haidian District, Beijing 100086 People’s Republic of China and can be reached via phone at (86-10) 8261-9988 or on the web at http://www.gridsum.com.
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