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Micro-cap financial and tax services provider Lichen China prices downsized US IPO at $4

February 6, 2023
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Lichen China, which provides financial and tax services in China, raised $16 million by offering 4.0 million shares at $4. The company had planned to sell 4.5 million shares at that price, but lowered its deal size by 11% at the offering.

Lichen China listed on the Nasdaq on Monday under the symbol LICN. Univest Securities acted as sole bookrunner on the deal.