Mountain&Sea Health Files for IPO, Targeting $9 Million in Funding

Mountain&Sea Health Set to Go Public

Mountain&Sea Health, a prominent provider of health solutions aimed at older adults in China, announced on Tuesday its filing with the SEC for an initial public offering (IPO) to raise up to $9 million. Founded in 2014 and based in Hangzhou, the company has generated considerable revenue through its various health-focused services.

Operational Overview

The company operates across several major cities including Shanghai, Hangzhou, and Weihai, focusing on addressing the needs of middle-aged and elderly populations. Mountain&Sea Health’s revenue streams are diverse and include:

• Health Foods: Offering dietary and supplementary food products.
• Accommodation Services: Collaborating with hotels to provide health-oriented lodging options.
• Health Management Services: Facilitating health assessments and continuous monitoring.
• Health Camps: Organizing wellness-focused travel experiences.
• Selected Products: Providing a curated range of health and wellness items.

Financial Background and Future Plans

As of June 30, 2024, Mountain&Sea Health recorded revenues of $13 million. The company plans to list on the Nasdaq under the symbol SYH. Notably, Mountain&Sea Health initially filed confidentially back on March 27, 2024, and Tiger Brokers is acting as the sole bookrunner for the deal.