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TCP International withdraws $100 million IPO

By Renaissance Capital,  November 30, 2012, 05:06:49 PM EDT

TCP International Holdings, the leading provider of compact fluorescent lamps in the US, withdrew its plans for an initial public offering on Friday. The Shanghai, China-based company was founded in 1993 and booked $281 million in sales for the 12 months ended 12/31/2011. Jefferies & Co., Citi, and Piper Jaffray were set to be the joint bookrunners on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

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