Two companies completed US IPOs this past week: Chinese auto play TuanChe (TC) and biotech Taiwan Lipsosome Company (TLC). Both deals raised less than $25 million, with over half coming from investors that had been disclosed at the launch.
| 2 IPOs During the Week of November 19th, 2018 | |||||
|---|---|---|---|---|---|
| Issuer Business |
Deal Size |
Market Cap at IPO |
Price vs. Midpoint |
First Day Return |
Return at 11/23 |
| TuanChe (TC) | $20M | $637M | -8% | +0% | +5% |
| Organizes auto shows in China. | |||||
| Taiwan Liposome Co. (TLC) | $22M | $185M | -22% | -2% | -2% |
| Developing lipid formulations of approved drugs for pain and eye disease. | |||||
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