Yintech Investment Holdings, which which operates an online brokerage for spot trading precious metals in China, filed on Monday with the SEC to raise up to $80 million in a US initial public offering.
The company operates on China's largest exchanges for gold and precious metals.
The Shanghai, China-based company was founded in 2011 and booked $192 million in sales for the 12 months ended December 31, 2015. It plans to list on the Nasdaq under the symbol YIN. Yintech filed confidentially on December 21, 2015. Jefferies is the sole bookrunner on the deal. No pricing terms were disclosed.
