Another wave of Chinese IPOs is hitting the US equity market, but this time many US investors are staying dry. The reasons for this growing aversion are several, but paramount among them are evidence of actual fraud at a handful of companies, skepticism about...read more
China Zenix Auto International, China's largest manufacturer of commercial vehicle wheels, will see its quiet period end on Tuesday, June 21. On May 11, the company raised $77 million by offering 12.9 million ADSs at $6.00, below the range of $9.50 to $11.50. ...read more
China Zenix Auto International, which is China's largest manufacturer of commercial vehicle wheels, raised $77 million on Wednesday by offering 12.9 million shares at $6, at the low end of the revised $6-$8 range. China Zenix Auto will begin trading Thursday on...read more
China Zenix Auto International, China's largest manufacturer of commercial vehicle wheels, lowered the proposed deal size for its upcoming IPO on Wednesday. The Zhangzhou-based company now plans to raise $90 million by offering 12.9 million ADSs at a price...read more
SPECIAL REPORT: What's Wrong with Chinese IPOs?
Another wave of Chinese IPOs is hitting the US equity market, but this time many US investors are staying dry. The reasons for this growing aversion are several, but paramount among them are evidence of actual fraud at a handful of companies, skepticism about...read more
China Zenix Auto quiet period ends June 21
China Zenix Auto International, China's largest manufacturer of commercial vehicle wheels, will see its quiet period end on Tuesday, June 21. On May 11, the company raised $77 million by offering 12.9 million ADSs at $6.00, below the range of $9.50 to $11.50. ...read more
China Zenix Auto prices IPO at $6, low end of revised range
China Zenix Auto International, which is China's largest manufacturer of commercial vehicle wheels, raised $77 million on Wednesday by offering 12.9 million shares at $6, at the low end of the revised $6-$8 range. China Zenix Auto will begin trading Thursday on...read more
China Zenix Auto decreases proposed IPO deal size
China Zenix Auto International, China's largest manufacturer of commercial vehicle wheels, lowered the proposed deal size for its upcoming IPO on Wednesday. The Zhangzhou-based company now plans to raise $90 million by offering 12.9 million ADSs at a price...read more