gguy44
Chinese business consulting firm Top Kingwin (TCJH) has filed to raise around $14M from a US initial public offering.
Top Kingwin said in a filing that it plans to offer 3M ordinary shares priced between $4 and $5, which would raise nearly $14M if priced at the midpoint. Underwriters would be granted a 45-day option to buy up to 450K additional shares.
Incorporated in the Cayman Islands, Top Kingwin operates through subsidiaries in China and the British Virgin Islands. The company provides consulting and corporate training services for small-to-medium sized businesses in China.
The company has been operating at a loss. For the nine-month period ended Sept. 30, Top Kingwin reported a net loss of $108K and a comprehensive loss of $414K on revenue of $3M.
For more IPO news, check out SA’s IPO News page.
Image and article originally from seekingalpha.com. Read the original article here.