The Strategist

iHerb files for IPO

07/23/2021 - 03:28

Marketplace iHerb, which specialises in selling health products, vitamins and mineral supplements, has filed for an IPO with the US Securities and Exchange Commission.

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may bird
The company has not yet determined how many shares it will put up for sale and what the offering price will be.

"A draft registration statement on Form S-1 has been submitted to the US Securities and Exchange Commission (SEC) regarding the proposed initial public offering of ordinary shares," iHerb Holdings said in a press release posted on PRNewswire.

The company said that the number of shares to be offered and the price range of the proposed offering have not yet been determined. Preparations for the IPO will begin after the SEC completes the application process and will depend on market and other conditions. 

iHerb was founded in 1996. It is, according to the company itself, the world's largest platform selling vitamins and nutritional supplements to more than 185 countries.