Sino Mercury Acquisition, a blank check company formed to acquire a non-traditional finance business in China, filed and set terms for an initial public offering on Friday. The recently formed New York, NY-based SPAC plans to raise $40 million by offering 4.0...read more
Five pricings pushed 2013 ahead of 2012's full-year US IPO total last week. The year's 130 US IPOs (vs. 128 in all of 2012) are the second-most through August since 2000. At the same time, with nine new filers, 2013 also surpassed 2012's full-year total for...read more
China Commercial Credit, a China-based microcredit lender to small businesses in the Jiangsu Province, raised $9 million by offering 1.4 million shares at $6.50, the midpoint of the $6 to $7 range. China Commercial Credit, which now commands a market cap of $67...read more
China-focused blank check company Sino Mercury Acquisition files and sets terms for a $40 million IPO
Sino Mercury Acquisition, a blank check company formed to acquire a non-traditional finance business in China, filed and set terms for an initial public offering on Friday. The recently formed New York, NY-based SPAC plans to raise $40 million by offering 4.0...read more
US IPO Recap: 2013 breaks past 2012's IPO totals in pricings and filings
Five pricings pushed 2013 ahead of 2012's full-year US IPO total last week. The year's 130 US IPOs (vs. 128 in all of 2012) are the second-most through August since 2000. At the same time, with nine new filers, 2013 also surpassed 2012's full-year total for...read more
China Commercial Credit prices IPO at $6.50, within the range
China Commercial Credit, a China-based microcredit lender to small businesses in the Jiangsu Province, raised $9 million by offering 1.4 million shares at $6.50, the midpoint of the $6 to $7 range. China Commercial Credit, which now commands a market cap of $67...read more
5 US IPOs planned for the week of Aug 12
The following IPOs are expected to price this week: China Commercial Credit (CCCR), a microcredit lender to small businesses in the Jiangsu Province of China, plans to...read more