Chinese Auto Retailer TuanChe To Raise $38M In Downsized US IPO

Chinese automotive marketplace TuanChe Ltd is planning to raise US$38 million in a downsized initial public offering (IPO) in the US, according to the company’s filing with the US Securities and Exchange Commission. The company will offer 4 million American Depository Shares (ADSs) at a price range of US$7.5 and US$9.5. Existing shareholders such as Honour […]

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