Qilian International Holding Group Limited, a China-based pharmaceutical and chemical products manufacturer, priced its initial public offering late Monday at $5 per American depositary share.The company sold 5,000,000 ordinary shares to raise $25 million from this offering. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 750,000 ordinary shares at the public offering price, less underwriting discounts. The ordinary shares have been approved for listing on the Nasdaq Global Market and are expected to commence trading on January 12, 2021 under the ticker symbol “QLI”.In 2020, Chinese companies held 35 IPOs, raising $12.9 billion, despite a tumultuous year in China-U.S. relations and stricter listing requirements. Mr. Zhanchang Xin, the C