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...read more
TuanChe, which organizes auto shows in China, raised $20 million in a downsized IPO by offering 2.6 million ADSs at $7.80, near the low end of the $7.50 to $9.50 range. Prior to the IPO, the company decreased the proposed offer size from 4.0 million ADSs to 3.0...read more
TuanChe, which operates an automotive marketplace in China, lowered the proposed deal size for its upcoming IPO on Friday. The Beijing, China-based company now plans to raise $25.5 million by offering 3.0 million ADSs at a price range of $7.50 to $9.50....read more
TuanChe, which operates an automotive marketplace in China, announced terms for its IPO on Wednesday. The Beijing, China-based company plans to raise $34 million by offering 4 million ADSs at a price range of $7.50 to $9.50. Insiders intend to purchase up...read more
US IPO Weekly Recap: 2 foreign IPOs price during short Thanksgiving week
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...read more
TuanChe prices downsized IPO at $7.80, within the range
TuanChe, which organizes auto shows in China, raised $20 million in a downsized IPO by offering 2.6 million ADSs at $7.80, near the low end of the $7.50 to $9.50 range. Prior to the IPO, the company decreased the proposed offer size from 4.0 million ADSs to 3.0...read more
Chinese auto marketplace TuanChe lowers proposed IPO deal size by 25%
TuanChe, which operates an automotive marketplace in China, lowered the proposed deal size for its upcoming IPO on Friday. The Beijing, China-based company now plans to raise $25.5 million by offering 3.0 million ADSs at a price range of $7.50 to $9.50....read more
Chinese auto marketplace TuanChe sets terms for $34 million US IPO
TuanChe, which operates an automotive marketplace in China, announced terms for its IPO on Wednesday. The Beijing, China-based company plans to raise $34 million by offering 4 million ADSs at a price range of $7.50 to $9.50. Insiders intend to purchase up...read more