TRX Insurance Brokers, a Chinese insurance brokerage with a network of 40 insurers, filed on Friday with the SEC to raise up to $15 million in an initial public offering.
The company filed under the legal name TIAN RUIXIANG Holdings but operates as TRX Insurance Brokers.
The Beijing, China-based company was founded in 2010 and booked $3 million in sales for the 12 months ended October 31, 2018. It plans to list on the Nasdaq under the symbol TIRX. Network 1 Financial Securities is the sole bookrunner on the deal. No pricing terms were disclosed.