Renaissance Capital logo

Energy-efficient light maker TCP International refiles for a $100 million IPO

May 21, 2014

TCP International Holdings, a global provider of LED lights and compact fluorescent lamps, refiled on Wednesday with the SEC to raise up to $100 million in an initial public offering. The company originally filed for a $100 million IPO in March 2012 as a foreign filer based in Shanghai, China. Now headquartered in Cham, Switzerland, the company refiled with only one of its original underwriters.

TCP International, which was founded in 1993 and booked $440 million in sales for the 12 months ended March 31, 2014, plans to list on the NASDAQ under the symbol TCPI. It initially filed confidentially on April 9, 2014. Deutsche Bank and Piper Jaffray are the joint bookrunners on the deal. No pricing terms were disclosed.