China health services company Sun Island Sea (SYH.US) goes public in the US, seeking to raise up to US$9mn

China health services company Mountain&Sea Health filed a preliminary prospectus with the U.S. Securities and Exchange Commission on Tuesday to raise up to $9 million in an initial public offering. The company plans to list on the Nasdaq under the ticker "SYH." Pricing terms have not been disclosed.

Mountain&Sea Health provides health solutions for older adults in China through its subsidiary Xian Health. The company operates in major cities including Shanghai, Hangzhou, Jiaxing, Anji, Weihai, Huangshan and Liyang.

The company generates revenue from five business categories: health foods, providing dietary and supplement foods; accommodation services, partnering with hotels to provide health-focused accommodations; health management services, providing health assessments and ongoing monitoring through an in-house health consulting team; health camps, providing health-focused travel experiences; and curated products, providing carefully selected health and wellness products.

Founded in 2014 in Hangzhou, China, the company had $13 million in revenue over the 12 months ended June 30, 2024.

Mountain&Sea Health filed a confidential application on March 27, 2024. T. Rowe Price is the sole bookrunner for the IPO.