Sunh Holdings (SUNH.US) has obtained approval from the China Securities Regulatory Commission for its US IPO and is planning to list on the Nasdaq.

On October 19th, the International Cooperation Department of the China Securities Regulatory Commission issued a notification on the overseas issuance and listing filing of Xuhang Holdings Limited. Xuhang Holdings plans to issue up to 15 million common shares and list on the NASDAQ stock exchange in the United States. It is worth noting that Xuhang Holdings submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on March 31, 2023, with a plan to raise up to $92 million. The notification from the China Securities Regulatory Commission stated that if significant events occur from the date of the filing notification until the end of the overseas issuance and listing, Xuhang Holdings should report them through the China Securities Regulatory Commission's filing management information system in accordance with relevant regulations on the overseas issuance and listing of domestic companies. Furthermore, within 15 working days after completing the overseas issuance and listing, Xuhang Holdings should report the issuance and listing situation through the China Securities Regulatory Commission's filing management information system. The company should also strictly comply with relevant domestic and foreign laws, regulations, and rules during the overseas issuance and listing process. In addition, if Xuhang Holdings does not complete the overseas issuance and listing within 12 months from the date of the filing notification, and plans to continue, it should update its filing materials. According to information, Xuhang Holdings relies on its Chinese subsidiary's expertise in content production and operation, extensive distribution channels, and cross-platform new media accounts to provide integrated marketing solutions in the era of new media. Clients utilize the company's marketing services to achieve brand and marketing goals through various channels, with a primary focus on self-media platforms. The company's revenue for the 12 months ending on September 30, 2022, was $72 million. Furthermore, as of October 31, 2022, Xuhang Group's short video and advertorial total views exceeded 156 billion times. The foundation of its new media accounts includes 524 self-owned accounts and 491 cooperative accounts, totaling approximately 207 million internet fans.