iHuman’s $96.6 Million Initial Public Offering

Simpson Thacher represented the underwriters in the offering.

iHuman Inc. (“iHuman”) executed the initial public offering and listing on the New York Stock Exchange. The offering comprised 8,050,000 American Depositary Shares (“ADSs”), representing 40,250,000 Class A ordinary shares, including the offering of 1,050,000 ADSs pursuant to full exercise of overallotment option by the underwriters. The total offering size was US$96.6 million.

Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. acted as joint bookrunners and underwriter representatives for the offering. Tiger Brokers (NZ) Limited acted as a joint bookrunner for the offering. CMB International Capital Limited and CLSA Limited acted as co-managers for the offering.

iHuman is a leading childhood “edutainment” company in China, with expertise in providing integrated and innovative products and services catering to the education demands for children mainly aged between three and eight. iHuman’s ADSs are traded on the New York Stock Exchange under the symbol “IH.”

The Simpson Thacher team representing the underwriters in the transaction included Yi Gao (Picture), Chenjing Shen and Yixiao Wang (Capital Markets); Jonathan Cantor and Scott Grundei (Tax); and Jennie Getsin (FINRA).

Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; Yi Gao – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Chenjing Shen – Simpson Thacher & Bartlett; Yixiao Wang – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Citigroup Global Markets Ltd; CLSA Limited; CMB International Capital Limited; Credit Suisse Securities (USA) LLC; Tiger Brokers;

Author: Michael Patrini