E-learning business iHuman Inc filed for U.S. listing on Tuesday, entering a series of recent initial public offerings by Chinese companies as tensions between Beijing and Washington intensify.
iHuman, which sells products including sports, audiobooks and e-learning applications, follows other Chinese firms, such as Xpeng Inc, an electric car producer whose shares have made their U.S. market debut, and the Yalla Community Ltd voice-chat app, which has also applied for the U.S. listing.
iHuman aims to use around 35 per cent of the revenue from the deal to expand its goods and services, both inside China and abroad.
It intends to list its American Depository Shares on the New York Stock Exchange under the symbol "IH," as reported in the regulatory filing.
Credit Suisse Securities (USA) and Citigroup Global Markets are among the underwriters of the deal.
