Chinese health service company Shanyu Hai (SYH.US) will go public in the United States, with plans to raise up to $9 million.

Chinese health service company Mountain & Sea Health submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on Tuesday, planning to raise up to 9 million U.S. dollars. The company plans to list on the Nasdaq with the stock code "SYH". Pricing terms have not been disclosed. Through its subsidiary Xi'an Health, Mountain & Sea Health provides health solutions for middle-aged and elderly people in China. The company operates in several major cities including Shanghai, Hangzhou, Jiaxing, Anji, Weihai, Huangshan, and Liyang. The company generates revenue through five main categories of business: health food, providing meals and supplement foods; accommodation services, partnering with hotels to provide health-focused accommodations; health management services, providing health assessments and continuous monitoring through an internal health consultant team; health camps, offering health-focused travel experiences; selected products, offering carefully selected health and wellness products. This company, headquartered in Hangzhou, China, was founded in 2014, with revenue of 13 million U.S. dollars for the 12 months ending on June 30, 2024. Mountain & Sea Health submitted a confidential application on March 27, 2024. Tiger Brokers is the sole bookrunner for this IPO.