Trunkbow International Holdings, a China-based provider of mobile applications to telecom operators, announced terms for its IPO on Thursday. The Beijing-based company plans to raise $30 million by offering 5 million shares at a price range of $5-$7. At the mid-point of the proposed range, Trunkbow International will command a market value of $225 million. Trunkbow International, which was formed in 2010 through a reverse merger, booked $13 million in sales last year. The company plans to list on the NASDAQ under the symbol TBOW with Roth Capital acting as the lead underwriter on the deal. Pricing terms and timing were not disclosed.
